Sure has been a long wait here for the LOI activity's to conclude.
While these small domestic oil & gas companies may seem small potatoes, the writing is on the wall if they are well run and have leases with enough output to attract eventual buyers. I am not implying the huge dollar numbers below, just the fact that the bigger guys are swallowing the littler guys.
See what happened below with the major oil companies. They are starting to absorb one another.
Interesting info on the last 8 years of the most notable mergers and acquisitions:
December 1998, BP buys Amoco. December 1999, Exxon and Mobil merge. April 2000, BP-Amoco buys Arco. October 2000, Chevron and Texaco merge in a deal worth $90 billion. November 2001, Phillips buys Conoco merge; the deal’s value: $15.4 billion. April 2004, Westport Resources buys KerrMcGee for $2.5 billion. April 2005, After Sinopec bid is blocked, Chevron-Texaco acquires Unocal for $16.8 billion and gets its prized Caspian assets. June 2005, Royal Dutch Petroleum buys Shell Transport and Trading for $80.3 billion. July 2005, Total Fina buys Elf Aquitane for $56 billion. December 2005, Burlington Resources buys Conoco Philips for $36.5 billion. June 2006, Anadarko buys Kerr McGee $23 billion. December 2006, Statoil merges with Hydro, deal’s value: $28 billion.
News 
Market Data 
Discover 
AI
