# Oil & Gas M&A Deal Activity & Outlook—Part 1

Published 2022-11-15 · Updated 2026-07-23 · Energy on MarketScale
Canonical: https://www.marketscale.com/industries/energy/oil-gas-ma-deal-activity-outlook-part-1

> In the first episode of a two-part conversation on E2B, Steve Hendrickson, President of Ralph E. Davis Associates, an Opportune company, Dan Kohl, and Daniel Rojo, Co-Heads and Managing Directors of Opportune Partners LLC, an independent investment banking and financial advisory affiliate of Opportune, discuss how macroeconomic factors are impacting oil and gas M&A…

In the first episode of a two-part conversation on [E2B](https://marketscale.com/shows/e2b-energy-to-business/), [Steve Hendrickson](https://www.linkedin.com/in/steve-hendrickson-03143313/), President of [Ralph E. Davis Associates](https://opportune.com/capabilities/reserve-engineering-geosciences), an Opportune company, [Dan Kohl](https://www.linkedin.com/in/daniel-kohl-7909621b/), and [Daniel Rojo](https://www.linkedin.com/in/daniel-rojo-6449164/), Co-Heads and Managing Directors of [Opportune Partners LLC](https://opportune.com/), an independent investment banking and financial advisory affiliate of Opportune, discuss how macroeconomic factors are impacting oil and gas M&A and A&D deal activity, why M&A and A&D transactions are shifting towards more mature, developed inventory of assets, why the consistency of capital availability and how and where it’s deployed to fund deals will determine rates of return and more.

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