While gas dealmaking continues to be strong, industry insiders say oil dealmaking will remain choppy, hampered by lower oil prices over much of 2025. One bright spot will be continued asset divestitures by oil and gas companies following a string of megamergers in recent years.
Those deals finally started to pick up in the second half of 2025, Bracewell’s Austin Lee told Law360.
“They’re not billion-dollar transactions, but there are a large amount of deals between $100 million-$500 million, which is something we haven’t been seeing for a while,” Lee said.
