MORE: Oil M&A Activity to Pick Up in 2016
2015-05-19 16:31:24.315 GMT
By Harry R. Weber
(Bloomberg) -- Asian buyers are targeting U.S. oil firms
and they are seeking assets they can own and not have to be the
operator, Mayer Brown partner Robert Gray says at energy forum
in Houston.
* Consolidation is expected in the Eagle Ford shale play in
South Texas as producers try to drive efficiencies and lower
costs, Citigroup’s Trauber says at conference
* Earlier: Because of pent-up demand, “the dam will break at
some point,” once the oil price outlook and deal valuations
become more certain, Stephen Trauber, vice chairman and
global head of energy at Citigroup, says at energy forum in
Houston.
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To contact the reporter on this story:
Harry R. Weber in Houston at +1-713-547-8415 or
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To contact the editors responsible for this story:
David Marino at +1-212-617-1894 or
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Bill Banker, Stephen Cunningham
2015-05-19 16:31:24.315 GMT
By Harry R. Weber
(Bloomberg) -- Asian buyers are targeting U.S. oil firms
and they are seeking assets they can own and not have to be the
operator, Mayer Brown partner Robert Gray says at energy forum
in Houston.
* Consolidation is expected in the Eagle Ford shale play in
South Texas as producers try to drive efficiencies and lower
costs, Citigroup’s Trauber says at conference
* Earlier: Because of pent-up demand, “the dam will break at
some point,” once the oil price outlook and deal valuations
become more certain, Stephen Trauber, vice chairman and
global head of energy at Citigroup, says at energy forum in
Houston.
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Harry R. Weber in Houston at +1-713-547-8415 or
hweber14@bloomberg.net
To contact the editors responsible for this story:
David Marino at +1-212-617-1894 or
dmarino4@bloomberg.net
Bill Banker, Stephen Cunningham