Dealmaking in US shale continues skid for third straight quarter

Consolidation value falls below $10 billion for first time in 2025

Crescent Energy chief executive David Rockecharlie. — Crescent Energy chief executive David Rockecharlie.Photo: CRESCENT ENERGY

Robert Stewart

North America Energy CorrespondentBaton Rouge

Published 22 October 2025, 13:30Updated 22 October 2025, 13:30

US Enverus Crescent Energy ConocoPhillips Anadarko basin