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$42 Billion In Oil & Gas Deals Announced In Q3-2013

After slow start, oil and gas deal activity back to tracking normal levels

· Global value up nearly 60% from Q2.

· US value up 40%, Europe and Canada rebound.

· Africa and South America continuing strong.

· Inventory of Deals in Play stabilizes at $135 billion.

· NOCs and Private Equity most active set of buyers.

· China snaps up 25% of the global market.

· US valuation benchmarks are $110,000 per flowing bbl and $5,800 per flowing Mcf.

· North America deal market reflects impact of large capital needs for resource play development.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.