In the first quarter of 2015, M&A and financing activity in the oil and gas sector was unsurprisingly slow. As we predicted early in the year, purchasers have paused to see if prices continue to fall, and targets are trying to avoid selling at the bottom of the cycle. As low commodity prices continue, we expect to see M&A activity pick up as well capitalized participants move to consolidate and expand their asset bases.

Following is a summary of M&A and financing transactions that occurred in the first quarter of 2015, with a transaction value of $150 million or greater.

Click here to view table.