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A&D - Bankruptcy sales lead early 2020 US upstream M&A - February 2020

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US upstream dealmaking may have ended 2019 with a bang, but it is starting 2020 with a whimper. Kimbell Royalty Partners’ $175 million acquisition of mineral and royalty assets from the first and second iterations of Springbok Energy Partners was the only major disclosed non-bankruptcy sale of January. Beyond that, bankruptcy sales have so far dominated M&A activity. The STACK play saw the largest Section 363 sale in the past few weeks, with BCEMach......
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