Mergers and acquisitions keep up the pace as Cimarex, Resolute, QEP and Aethon all join in

A pair of deals this week continued the hot streak of merger and acquisition activity in the US shale sector, write Kathrine Schmidt and Steve Marshall.

In the larger of the two deals, shale player Cimarex Energy agreed to acquire Permian player Resolute Energy for $1.6 billion.

The cash-and-stock acquisition values Resolute at $35 per share, about a 15% premium, and has won approval from both companies’ boards, Cimarex said.