US oil and gas M&A hits 2022 high in third quarter — on only a handful of deals

Transactions surpass $16 billion, with nearly $13.9 billion in just five deals

Biggest deal: EQT’s $5.2 billion acquisition of producer Tug Hill and associated XcL Midstream in Appalachia was the largest oil and gas transaction in the US during the third quarter. — Biggest deal: EQT’s $5.2 billion acquisition of producer Tug Hill and associated XcL Midstream in Appalachia was the largest oil and gas transaction in the US during the third quarter.Photo: ASSOCIATED PRESS

Mark Passwaters

Houston

Published 17 October 2022, 09:53Updated 19 October 2022, 08:22

Americas North America