Oil, Gas Patch Deals on Track for Slowest Year Since 2009

The transcript discusses the merger between GE and Baker Hughes, highlighting the slow pace of deals in the oil and gas sector despite the need for capital. It explores market dynamics, including the impact of oil price stabilization and the reluctance of major companies to acquire assets. The discussion also covers international market trends and the potential for future mergers and acquisitions, emphasizing the need to break the current logjam in the industry.

What percentage of Baker Hughes is GE expected to own in their merger?

• 75%

• 50%

• 80%

• 62%

Why have larger companies been hesitant to acquire smaller fracking companies despite bankruptcies?

• Regulatory issues

• High oil prices

• Cutting of capital expenditures and dividends

• Lack of interest in the oilfield service area

What is one reason for the lack of mergers in the US fracking industry?

• Availability of capital markets even at lower prices

• Lack of available capital markets

• Regulatory challenges

• High oil prices

What is expected to jumpstart merger activity in the oil and gas industry?

• Increased oil prices

• New technology in oil extraction

• A significant deal in the EMP space

• Regulatory changes

What is a potential barrier to mergers in the EMP space?

• High oil prices

• Scarcity of assets

• Lack of interest from investors

• Regulatory issues