Dateline City:
NORWALK, Conn.
Fueled by national oil companies and international buyers making acquisitions in North American shale gas, shale oil and tight oil basins, global transactions involving unconventional oil and gas resources reached a record high $75 billion in 2011, according to the IHS Herold 2012 Global Upstream M&A Review, which was just released by information and analytics provider IHS (NYSE: IHS). This figure represents 48 percent of total 2011 worldwide upstream merger and acquisition (M&A) spending.
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