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U.S. upstream M&A hits $12.6 billion in Q3, Enverus reports

The deal flow shows U.S. shale capital is still being recycled toward inventory with repeatable growth, rather than left idle after the basin-wide slowdown. It also suggests buyers are willing to pay for deeper Permian running room and Eagle Ford redevelopment, which can reset competitive positioning for the next drilling cycle.

Nov 6, 2026

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