Oil & Gas Value Climbs

Oil & Gas Value Climbs

According to PricewaterhouseCoopers, LLC, keeper of oil and gas deal data, there were four Marcellus Shale deals totaling $3.6 billion and four Utica Shale deals totaling $3.1 billion in the third quarter of this year. Thatʼs a total of $6.7 billion dollars in oil and gas deals from the Marcellus/Utica industry alone, with an increase of 135 percent.

All oil and gas deals from the third quarter added up to $48.8 billion, with a total of 46 deals valued at more than $50 million each, as counted by the reports. The Marcellus deal value has continued to climb, from $325 million during the first quarter of the year and $2.3 billion in the second quarter of the year. Across the nation, 13 deals involving shale plays accounted for $22.6 billion total of oil and gas transaction activity, a significant increase from roughly $4.5 billion last year.

The quarterly oil and gas reports deal log shows a strong interest from foreign and investors as well as multinational corporations continue to show interest in the energy sector. For deals valued at over $50 million, foreign buyers announced 22 deals in the third quarter, contributing $37.3 billion, or 76 percent of total deal value. Thatʼs a 185 percent increase from the $13.1 billion from the third quarter of 2010.

The shale-gas assets continue to attract a large interest from oil and gas companies, with five out of the top ten largest deals in the third quarter involving shale play. There continues to be steady activity with the corporations despite weaknesses in oil and gas prices, with both new and existing companies expanding acreage.

Hereʼs the data in a nutshell:

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Ethane Cracker Plant

Shell recently announced that they will be building a $6 billion ethane cracker plant near Pittsburgh. This plant will boost employment, economic development, and commercial real estate, while encouraging more shale drilling throughout the region.


The upcoming construction of the new multi-billion dollar Shell ethane cracker plant in Beaver County, PA, means that there are unlimited opportunities for everyone who is involved in any aspect of regional business development. Marcellus Utica Connection is seeking strategic partners to launch marketing initiatives and connect the different industries that will most benefit during this time of unprecedented growth.