Oil and Gas Companies Didn't Merge in 2013 Like They Used To

This segment is from Tuesday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.

Spending by oil and natural gas producers to acquire other companies took a nose dive in 2013. The Bakken led the United States' basins with just $8.8 billion in deals, largely consisting of Devon Energy's (NYSE: DVN  ) $6 billion purchase of GeoSouthern Energy's assets. Does this mean that leading shale producers like Continental Resources (NYSE: CLR  ) , EOG Resources (NYSE: EOG  ) and Pioneer Natural Resources (NYSE: PXD  ) are happy with their current positions? View our take in the video clip below.

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