Value of U.S. oil deals plunges 93 pct in 1st qtr as investors demand higher returns
April 04, 2019 at 14:26 PM EDT
The value of U.S. oil and gas mergers and acquisitions fell to a 10-year low in the first quarter, according to data released on Thursday, as investors pushed shale producers that have driven a recent merger boom to focus on lifting shareholder returns rather than production.