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Record $86B in 2011 US oil and gas upstream deals, led by unconventional sector with $62B

Green Car Congress

Industry appetite for oil-rich resource plays, particularly the North Dakota Bakken shale, Texas Eagle Ford shale and Ohio Utica shale, drove deal activity in the unconventional sector to a record $62 billion. We expect continued strong activity in oil and liquids-rich resource plays in 2012. —Ronyld W.

El Paso 225