Houston’s energy M&A activity jumps in Q1 2024. Will it last?

Upstream energy deals reached $51 billion in the first quarter, many of which involved Houston companies, and the industry is on track to surpass last year’s record numbers, according to Enverus Intelligence Research. While Enverus says the momentum will likely not last throughout the year, a University of Houston analyst told the Houston Business Journal that current high oil prices could lead private equity firms to sell off their investments, continuing the trend of consolidation.