Plains All American targets more acquisitions amid increasing M&A activity in the oil and gas industry, fueled by cost reduction and securing new wellsite locations.

Pipeline operator Plains All American is seeking to make more acquisitions as the merger and acquisition activity in the oil and gas industry shows signs of increasing. The company has recently experienced an increase in revenue due to the acquisition of small Permian Basin crude gathering lines. The wave of acquisitions among US oil and gas producers is aimed at reducing costs and securing new wellsite locations. While most deals have been between drillers, the pipeline sector is also an avenue for consolidation.

February 09, 2024
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