$200 billion of M&A wasn't enough in the US oil patch

U.S. oil and gas deals hit a record $51 billion in the first quarter, data provider Enverus says. Energy companies have rushed to expand oil, gas inventories, especially in the Permian Basin of West Texas and New Mexico. Most of the high-quality high quality U.K. drilling prospects are in the top U.

$200 billion of M&A wasn't enough in US oil patch. Too many energy companies chasing too little capital. Too few energy companies chase too little money. Too much capital chasing too much money chasing too many energy firms. $200 Billion of M-M&A Wasn't Enough in US Oil Patch.