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Oil Slide Means ‘Almost Everything’ for Sale as Deals Accelerate

  • More than $200 billion of hydrocarbon assets available: IHS
  • Oil and natural gas deals to increase this year and next
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Why Everything's Up for Sale in the Oil Industry

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More than $200 billion worth of oil and natural gas assets are for sale globally as companies come under renewed financial pressure from the prolonged commodity price rout, according to IHS Inc.

There are about 400 buying opportunities as of September, IHS Chief Upstream Strategist Bob Fryklund said in an interview. Deals will accelerate later this year and into 2016 as companies sell assets to meet debt requirements, he said. West Texas Intermediate crude has averaged about $51 a barrel this year, more than 40 percent below the five-year mean.