In the ever-evolving landscape of the shale industry, consolidation emerges as the natural progression of a mature sector. Shaped by historical up cycles in Merger and Acquisition and Divestiture (M&A&D) activity, recent mega-deals such as Conoco-Concho, Devon-WPX, and the preceding Shell-BG set the stage for a new era in shale evolution.
In a notable move towards environmental accountability, US oil and gas companies are under heightened scrutiny for their substantial role in contributing to the nation’s methane emissions—making up nearly one-third of the total. The Inflation Reduction Act (IRA) introduces the Methane Emissions Reduction Program under Section 136 of the Clean Air Act, marking a pivotal transformation in the regulatory framework for the petroleum and natural gas sector.
Discover how the oil and gas industry is navigating environmental challenges and embracing sustainability to shape its future.