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EY Study: Consolidation Reshapes US Oil and Gas Industry - Drilling Contractor

The US oil and gas industry is experiencing a seismic transformation, driven by a wave of mergers and acquisitions that has narrowed the field of top publicly traded exploration and production companies from 50 to 40. This shift is detailed in the newly released US Oil and Gas Reserves, Production and ESG Benchmarking Study by … The post EY study: Consolidation reshapes US oil and gas industry appeared first on Drilling Contractor.
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Mergers and acquisitions in the U.S. oil and gas sector surged last year despite lower commodity prices as energy companies increased spending to improve efficiency and profits, consulting firm EY said on Tuesday. TASR reports this based on a report by Reuters. Consolidation across the sector was led by several deals between the biggest players, including Exxon Mobil, Diamondback Energy and ConocoPhillips. Cash-rich companies focused on increasi…

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Consolidation in the industry was led by several deals between the largest players

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Drilling Contractor broke the news in on Tuesday, August 19, 2025.
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