The American analytical agency Enver Intelligence Research has published a report on the M&A market for the second quarter and a forecast for the second half of 2025. This is stated in a press release from Enverus.
In the second quarter of 2025, the volume of M&A in the mining sector slowed down, taking into account a 21% decrease in the value of transactions to $13.5 billion compared to the previous quarter, and the figures for the first half of the year fell by 60% to $30.5 billion compared to the first half of 2024.
"Volatility in commodity and stock markets has become a major obstacle to mergers and acquisitions, slowing down the pace of deal-making and reducing opportunities in a market that was already struggling due to a lack of attractive research and development opportunities, especially in the Permian Basin region," Enver emphasizes.
Unlike public operators, private capital has more flexibility in choosing the types of transactions and assets, and also does not need the same scale as public companies. Some private companies are returning to Permian Basin, acquiring small assets, or concentrating operations in territories not consolidated by large operators.
The greatest opportunities are in regions outside the area of interest of public companies, including the SCOOP/STACK region in Oklahoma (oil and gas fields in the Anadarko Basin), where public companies would rather sell than buy assets.
Asian companies with LNG import commitments are interested in acquiring gas assets on the Gulf Coast amid growing demand for LNG and data centers in the Appalachia region, which could boost the M&A market in the gas sector.
According to Enverus, in 2025, there were absolutely no transactions on the consolidation of public companies, which were the main factor in market growth in 2023 and 2024.
Enverus is an American analytical and consulting company in the field of energy, including the oil and gas and renewable energy sectors, field research, commodity price forecasts, and global macroeconomics. Enver does not manage portfolios for clients, but strives to provide timely and accurate information based on analytics. The company is headquartered in Austin, Texas.
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