Thinking M&A? Think About a Vertical Deal, One Oil & Gas CEO Says

SUGAR LAND--December 17, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Mergers and acquisitions (M&A) are widely contemplated and discussed as a way to right-size the Oil & Gas Production Industry by reducing the number of weaker players and concentrating acreage and assets in a smaller number of better-capitalized companies. But Nick Deluliis, the chief executive officer of CNX Resources Corporation (NYSE:CNX), has some warnings for any company that is contemplating M&A, especially those looking at "horizontal" deals.

Within this article: Thoughts from Deluliis at Hart Energy's recent DUG East - Marcellus and Utica Midstream virtual conference, in which he discussed how M&A can help or hurt oil and gas producers.