Feb 7 (Reuters) - The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. The majority of energy executives polled in December by the Federal Reserve Bank of Dallas expected more oil deals worth $50 billion or higher to pop up in the next two years. However, as a wave of consolidation sweeps the sector, the U.S. Federal Trade Commission has taken a sharper look at energy deals of late. In 2023, some 39 private companies were acquired by public companies, Enverus data showed. Below is a list of deals in the U.S. oil and gas sector so far this year: Target Acquirer Deal value Deal type Closing (in $) date Endeavor Diamondback 26 bln Cash and Q4, 2024 Energy Energy stock Callon APA Corp 4.5 bln All-stock Q2, 2024 Petroleum Southwestern Chesapeake 7.4 bln All-stock Q2, 2024 Energy Energy QuarterNorth Talos 1.29 bln Cash & End of Q1, Energy Energy stock 2024 NuStar Energy Sunoco 7.3 bln All-stock Q2, 2024 Aera Energy California 2.1 bln All-stock Second Resources half, 2024 (Compiled by Mrinalika Roy and Seher Dareen in Bengaluru; Edited by Shweta Agarwal and Shounak Dasgupta)
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Stocks mentioned in the article
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207.8 USD | +0.32% | +3.50% | 37.05B | ||
92.06 USD | +0.65% | +5.20% | 12.06B | ||
88.07 USD | +0.10% | +1.75% | - | ||
83.53 USD | 0.00% | +1.68% | - | ||
56.64 USD | +0.57% | +2.05% | 4.78B | ||
54.9 USD | -0.65% | +0.86% | 3.78B | ||
32.49 USD | +0.40% | +0.40% | 12.06B | ||
26.5 USD | +0.26% | 0.00% | 8B | ||
22.58 USD | +0.89% | +2.13% | 2.86B | ||
13.94 USD | +1.16% | +2.95% | 2.56B | ||
7.71 USD | +0.78% | +5.76% | 8.49B | ||
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- More US energy deals likely in 2024 in wave of consolidation