The firstquarter saw $41 million in upstream M&A deals, compared to $40 billion inthe previous quarter and $24 billion during the same period last year, accordingto the analysis by Derrick Petroleum Services.
Thequarterly deal average since 2007 has been $43 billion, the report said. Thecalculations differ from a recent M&A report by Evaluate Energy that founddeal activity was 28% off its three-year quarterly average at $33.4
