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Oil mergers, acquisitions total $9.9 billion in region last year Read more: Oil mergers, acquisitio

The Denver Post -- The prospect of large oil reserves in Rocky Mountain shale and tight-sands formations generated nearly $10 billion in merger- and-acquisition deals in the region in 2011, according to two studies released Wednesday.

The $9.9 billion in deals represents a 32 percent increase over 2010, according to a study by accounting and consulting firm De- loitte LLP.

"It is clear people are really focused on these oil-rich plays," said Roger Ihne, Deloitte's Mid-Americas portfolio leader.

The biggest draw in the region is the Niobrara shale formation, which stretches from El Paso County into Wyoming, said Pete Stark, a vice president with consultant IHS.

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Submitted Feb 09, 2012 By: Road-Runner

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dh0770 Champion Author Colorado Posts:1,683 Points:323,335 Joined:Jun 2011	Message Posted: Feb 9, 2012 11:30:27 PM Ignore dh0770 Report Abuse But wait.... There's prarie dogs! Maybe the ecoterrorists can occupy a prarie dog hole!
1WI Rookie Author Appleton Posts:99 Points:105,610 Joined:Jan 2012	Message Posted: Feb 9, 2012 11:21:38 PM Ignore 1WI Report Abuse M&A on the rise.
jwkycola Veteran Author Columbia Posts:401 Points:244,675 Joined:Jul 2011	Message Posted: Feb 9, 2012 10:23:33 PM Ignore jwkycola Report Abuse Ok.
furbud1957 All-Star Author York Posts:763 Points:153,405 Joined:Sep 2011	Message Posted: Feb 9, 2012 7:39:56 PM Ignore furbud1957 Report Abuse Its a interesting article.
vtroger Veteran Author Vermont Posts:282 Points:291,655 Joined:Mar 2011	Message Posted: Feb 9, 2012 7:03:42 PM Ignore vtroger Report Abuse Remind me again why it's alright to drill in foreign land but we won't drill on our own soil?
bandannaman Champion Author New Jersey Posts:1,149 Points:224,645 Joined:Dec 2010	Message Posted: Feb 9, 2012 6:20:06 PM Ignore bandannaman Report Abuse ok
buckets42 Champion Author New Jersey Posts:1,013 Points:195,845 Joined:Oct 2011	Message Posted: Feb 9, 2012 6:10:27 PM Ignore buckets42 Report Abuse It's an investment.
graceman Champion Author Baltimore Posts:3,751 Points:917,820 Joined:Jun 2008	Message Posted: Feb 9, 2012 4:38:49 PM Ignore graceman Report Abuse Then why is the price still climbing?
Dphillips720 All-Star Author Michigan Posts:944 Points:290,350 Joined:Mar 2011	Message Posted: Feb 9, 2012 4:31:42 PM Ignore Dphillips720 Report Abuse Then gas should go down not up
Jeff1944 Champion Author South Dakota Posts:3,484 Points:775,305 Joined:Jan 2010	Message Posted: Feb 9, 2012 2:57:21 PM Ignore Jeff1944 Report Abuse The answer will be: If the USA does not build any because of the regulation, then it will be refined in other countries that are more pro business and less environmentally regulated.
Road-Runner Champion Author Denver Posts:6,413 Points:1,776,250 Joined:May 2004	Message Posted: Feb 9, 2012 2:21:10 PM Ignore Road-Runner Report Abuse This is happening all over and just where is all this crude to be refined? Colorado has only one refinery, in Denver, which can't handle the available crude now!