The rapid drop in oil prices cut more than $20 billion from the price of some of the industry’s best assets. That may be enough to attract buyers.
Weakening global demand and a supply glut in the U.S. dragged down Brent crude oil to as low as $82.60 this week, the cheapest since 2010. That’s trimmed the once-high valuations that had stymied major deal making and left last year’s volume at the lowest level since the financial crisis. Assets in oil-rich shale formations throughout the U.S. are becoming attainable.
