Energy Mergers Strong in 2012
Oil boom sparks merger activity
BY ROD WALTON World Staff Writer
Wednesday, February 13, 2013
The boom in unconventional oil and gas sparked high-level merger and acquisition activity across the nation last year, according to a Deloitte report released Monday.
Tulsa’s own energy sector was no less active in 2012, with at least 15 major deals reported. Williams Partners LP, Unit Corp., NGL Energy Partners, Apache Corp, Caballo Energy LLC and others bought or sold in multimillion-dollar and even billion-dollar transactions.
“Deal activity was healthy across the board,” said David Perkins, managing director of Tulsa-based Acquisition Advisors, which helped complete five local transactions in the oil and gas sector.