US upstream oil and gas deals hit two-year high in Q1 2026
US upstream oil and gas dealmaking hit $38 billion in the first quarter of 2026. Analysts expect more consolidation as higher oil prices support sales.
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Upstream oil and gas dealmaking in the United States reached $38 billion in the first quarter of 2026. This marks the highest quarterly total in two years, according to analytics firm Enverus. Sustained high prices are driving a new wave of consolidation among both public and private shale producers.
