{"id":2867,"date":"2020-10-20T21:13:15","date_gmt":"2020-10-20T21:13:15","guid":{"rendered":"https:\/\/www.trccompanies.com\/insights\/what-will-oil-gas-ma-deal-making-look-like-in-2021\/"},"modified":"2025-02-17T13:39:00","modified_gmt":"2025-02-17T13:39:00","slug":"what-will-oil-gas-ma-deal-making-look-like-in-2021","status":"publish","type":"news-and-insights","link":"https:\/\/www.trccompanies.com\/fr\/insights\/what-will-oil-gas-ma-deal-making-look-like-in-2021\/","title":{"rendered":"What Will Oil &#038; Gas M&#038;A Deal Making Look Like in 2021?"},"content":{"rendered":"<!-- Start Block: acf\/wysiwyg -->\n\n<section class=\"wysiwyg section-padding bg-white\">\n    <div class=\"container-fluid\">\n        \n        <div class=\"row\">\n                            <div class=\"col-lg-8 columns js-animated-content animated-content\">\n                                        <p>Recently TRC\u2019s Rick Sisk, Vice President \u2013 Transaction Advisory Services, was part of Intralinks virtual roundtable series Oil &amp; Gas Part II, \u201cHas Oil &amp; Gas Run Out of Steam?\u201d<\/p>\n<p>Like many industries, oil and gas has been significantly impacted by the COVID-19 pandemic. In the first part of our industry roundtable on the topic held this past spring, a distinguished panel of experts outlined how the dramatic plunge in oil demand hit the industry hard. There was little optimism for quick recovery at the time.<\/p>\n<p>So where are we now? To learn more, Intralinks reconvened a panel of experts \u2014 Jamie Garrett, Principal at JoyCap Advisory LLC (formerly VP M&amp;A, Direct Energy); Ian Graham, Senior Finance Director, Corporate Development Tax &amp; Treasury at Trican Well Service, and Rick Sisk, Vice President, Transaction Advisory Services (oil &amp; gas) at TRC Companies \u2014 to see the how oil and gas market has fared over the past few quarters. We also considered what 2021 might look like for an industry in flux.<\/p>\n                <\/div>\n                <div class=\"col-lg-4 columns js-animated-content animated-content\">\n                                        <div class=\"wysiwyg__links js-animated-content animated-content\">\n                        <div class=\"wysiwyg__links__top \">\n                                                        <h4>Related Services<\/h4>\n                                                                                    <ul class=\"js-animated-content animated-content\">\n                                                                <li><a href=\"https:\/\/www.trccompanies.com\/markets\/energy\/midstream\/\" target=\"_self\">Midstream<\/a><\/li>\n                                                                <li><a href=\"https:\/\/www.trccompanies.com\/services\/program-and-project-management\/transaction-advisory-services\/\" target=\"_self\">Transaction Advisory Services<\/a><\/li>\n                                                            <\/ul>\n                                                    <\/div>\n                                                                                                            <div class=\"wysiwyg__links__bottom\">\n                                    <a href=\"https:\/\/www.trccompanies.com\/services\" target=\"_self\">View All Services<\/a>\n                                <\/div>\n                                                                                                <\/div>\n                <\/div>\n                    <\/div>\n\n            <\/div>\n<\/section>\n<!-- End Block: acf\/wysiwyg -->\n\n<!-- Start Block: acf\/wysiwyg -->\n\n<section class=\"wysiwyg section-padding bg-white-fog\">\n    <div class=\"container-fluid\">\n        \n        <div class=\"row\">\n                        <div class=\"col-lg-12\">\n                                                                                \n                                                <\/div>\n\n                                                                        <div class=\"col-lg-4 \">\n                                                        <div class=\"js-animated-content animated-content\">\n                                <h2>Slow deal flow with glimmers of hope<\/h2>\n                            <\/div>\n                        <\/div>\n                                                                                <div class=\"col-lg-4 columns\">\n                                                        <div class=\"js-animated-content animated-content\">\n                                <p>Oil and gas M&amp;A deal activity continues to be on the decline, with most deals occurring in the midstream. Barring a few notable transactions in Q3 2020 \u2014 Chevron\u2019s USD $13.8 billion acquisition of Noble Energy, Berkshire Hathaway Energy\u2019s USD $9.8 billion purchase of Dominion Energy\u2019s gas transmission and storage assets and the merger of midsize U.S. oil producers Devon Energy and WPX Energy in a USD $2.6 billion all-stock deal \u2014 the downturn in North America has forced potential buyers and investors to search for valuable assets across the globe. With low oil prices expected to continue for the foreseeable future, cross-border M&amp;A seems to be an area of potential growth.<\/p>\n                            <\/div>\n                        <\/div>\n                                                                                <div class=\"col-lg-4 columns\">\n                                                        <div class=\"js-animated-content animated-content\">\n                                <p>Experts like Jamie Garrett expressed cautious optimism: \u201cThings are a little bit more stable,\u201d she remarked, citing how many companies have been able to effectively adapt to the COVID-19-era\u2019s disruptive dynamic.<\/p>\n<p>But long-term, with distressed sales and consolidation continuing, energy continues to face an existential crisis.<\/p>\n<p>Overall, even the big players in the industry are signaling that oil is at its peak and are hinting at a shift to natural gas. Companies like Shell and BP may very well strive for more retail exposure and nontraditional ventures. And while climate change drives activity in the retail electric and generation in the small- to mid-cap space, oil and gas will continue trying to get a boost from SPAC (Special Purpose Acquisition Companies) deals.<\/p>\n                            <\/div>\n                        <\/div>\n                                                                    <\/div>\n\n            <\/div>\n<\/section>\n<!-- End Block: acf\/wysiwyg -->\n\n<!-- Start Block: acf\/innerpage-half-text-half-image -->\n\n<section class=\"half-and-half flex-row section-padding image-block-left bg-white text-column-one image-size-cover\">\n    <div class=\"half-and-half-image\">\n        <div class=\"half-and-half-image__wrap\">\n                                                <img decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-2155593440-1024x768.jpg\" class=\"object-fit\" alt=\"GettyImages-2155593440\" srcset=\"https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-2155593440-1024x768.jpg 1024w, https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-2155593440-300x225.jpg 300w, https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-2155593440-768x576.jpg 768w, https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-2155593440-1536x1152.jpg 1536w, https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-2155593440-800x600.jpg 800w, https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-2155593440.jpg 2000w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>                                    <\/div>\n    <\/div>\n    \n    <div class=\"half-and-half-text\">\n        <div class=\"half-and-half-text__wrapper js-animated-content animated-content\">\n                                        <h3>Key Takeaways<\/h3>\n<p>Energy services have been hit hardest, says Ian Graham. The outlier? Natural gas prices are at the highest level seen in years. Going into 2021, Ian said that deals are going to be efficiency driven. If organizations can find some needed synergy in the pandemic era, we\u2019ll see even more consolidation.<\/p>\n<p>\u201cResponsible investment\u201d (i.e. clean energy, renewables, energy storage) will continue to have a major impact on M&amp;A. \u201cPE clients are mandating that organizations do an ESG (Environmental, Social and Governance) screen as part of due diligence,\u201d said TRC Company\u2019s Rick Sisk.<\/p>\n<p>Consolidation aside, adaptability will be a strategic necessity for all organizations evaluating deals in this environment. Rick discussed how artificial intelligence (AI) and technology platforms that have created due diligence efficiencies during the pandemic will be crucial to closing M&amp;A deals in this work-from-home environment.<\/p>\n<p>Finally, our panel also cited potential political implications of the U.S. presidential election as a major determinant of the energy sector\u2019s direction. \u201cTo be determined,\u201d said Rick.<\/p>\n<p>Either way, added Jamie, \u201cWe\u2019re going to be very busy for the next 12 to 18 months.\u201d<\/p>\n                    <\/div>\n    <\/div>\n<\/section>\n<!-- End Block: acf\/innerpage-half-text-half-image -->\n\n<!-- Start Block: acf\/innerpage-cta-bar -->\n<section class=\"global-cta innerpage-cta cta-purple\">\n    <div class=\"container-fluid\">\n        <div class=\"global-cta-wrapper  \">\n                                            <h2>S&rsquo;adapter au <br>changement<\/h2>\n                                <div class=\"global-cta-image\">\n                    <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\" width=\"316.566\" height=\"369\" viewBox=\"0 0 316.566 369\">\n                        <defs>\n                            <pattern id=\"pattern\" width=\"1\" height=\"1\" viewBox=\"117.006 0 316.566 369\">\n                                <image preserveAspectRatio=\"xMidYMid slice\" width=\"655.35\" height=\"369\" href=\"https:\/\/www.trccompanies.com\/wp-content\/uploads\/2024\/09\/GettyImages-649955168.jpg\"><\/image>\n                            <\/pattern>\n                        <\/defs>\n                        <path id=\"Union_8\" data-name=\"Union 8\" d=\"M72.087,369,206.869,190.294h109.7L182.891,369ZM0,195.818H68.4l28.66,44.507L68.4,286.43Zm0-10.747L68.4,94.466l28.66,46.1L68.4,185.071Zm205.769-6.365L72.087,0h109.7L316.566,178.706Z\" fill=\"url(#pattern)\"\/>\n                    <\/svg>\n                <\/div>\n                <div class=\"global-cta-content\">\n                    <p>Collaborez avec les praticiens test\u00e9s de TRC<\/p>\n                    <p>\n                        <a href=\"https:\/\/www.trccompanies.com\/contact-us\/\" title=\"Contact Us\" class=\"btn btn-primary\" >Contact Us<\/a>                    <\/p>\n                <\/div>\n                        \n        <\/div>\n    <\/div>\n<\/section>\n\n<!-- End Block: acf\/innerpage-cta-bar -->","protected":false},"excerpt":{"rendered":"<p>Recently TRC\u2019s Rick Sisk, Vice President \u2013 Transaction Advisory Services, was part of Intralinks virtual roundtable series Oil &#038; Gas Part II, \u201cHas Oil &#038; Gas Run Out of Steam?\u201d<\/p>\n","protected":false},"featured_media":13630,"template":"","tags":[648,246,336],"news-and-insights-category":[381],"services-category":[1001],"custom_category":[],"class_list":["post-2867","news-and-insights","type-news-and-insights","status-publish","has-post-thumbnail","hentry","tag-commercial-and-industrial","tag-midstream","tag-transaction-advisory-services","news-and-insights-category-videos","services-category-environmental-assessment-permitting-compliance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What Will Oil &amp; Gas M&amp;A Deal Making Look Like in 2021? 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