Merger and acquisition activity among US oil and gas operators surpassed a seven-year high this month as companies consolidate acreage in prolific southern basins. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now 2021 has had an unprecedented level of merger and acquisition activity, which now stands at $53.9 billion year to date, marking the highest level of activity since 2014, according to S&P Global Platts Analytics. In all of 2014, the busiest year on record, merger and acquisition activity totaled $53.5 billion. In 2014, Henry Hub spot gas averaged $4.37/MMBtu, the highest annual average since 2010. Henry Hub spot gas year to date in 2021 has averaged $3.85/MMBtu, which is the strongest average since 2014. While it is no surprise the Permian Basin accounts for the bulk of all transactions at 60%, the Haynesville has had an unusually active year. The Haynesville has […]