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.
This company has to worry OPEC with its offshore prowess