Recently, it seems that the U.S. oil and gas industry has been going through merger mania. Not surprisingly, the sustained collapse of oil prices seems to be prompting a flood of takeovers in the energy sector. Many larger energy companies apparently like to snag smaller energy companies when their values have been driven down by lower oil prices.
One prime example of the new merger trend is the recent acquisition of Colorado-based MarkWest Energy Partners by MPLX, the midstream master limited partnership sponsored by Marathon Petroleum Corporation (MPC), which is based in Findlay, Ohio. MPLX announced recently that it has agreed to buy MarkWest for about $15.8 billion. The companies said the combination would create the fourth-largest master limited energy partnership, with a $21 billion market capitalization.
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