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Strategic Visions, Merger Actions

It's Not Only Size that Matters

It's called "merger mania," and in today's petroleum industry, it's probably unavoidable.

Do you work for a major corporation? A growing independent? A small firm trying to make a name for itself?

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It's called "merger mania," and in today's petroleum industry, it's probably unavoidable.

Do you work for a major corporation? A growing independent? A small firm trying to make a name for itself?

No matter the size of the company -- you've probably been affected by it, either directly or otherwise. Mergers and acquisitions have become an important business strategy in the oil business.

But while the trend transcends all size barriers, and mega-mergers like Exxon/Mobil, BP/Amoco/Arco and Chevron/Texaco grab all the headlines, it's independent operators that have reshaped themselves and the domestic oil business through mergers and acquisitions.

Each company has its own unique criteria and ultimate goals for mergers or acquisitions, but the end result is all about growth.

At this year's AAPG annual meeting in Denver executives with a group of diverse oil companies presented their firms' strategies in the mergers and acquisition arena. The management session, chaired by then-AAPG President Marlan Downey and John Brooks, included speakers from the largest multi-national companies as well as independent firms of all sizes.

Among the stories were how independent companies have used strategic mergers and acquisitions to become dominant players on the domestic and in some cases international scene.

Here are three of those stories.

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