light green

Analysis

Energy M&A update: Q4 2023

At the end of Q4 2023, US crude oil output hit a 3-year high, with production reaching 13.3MM barrels per day.

Energy and resources trends

  • Oil and gas
    In the EIA’s December 2023 Short Term Energy Outlook report, US natural gas prices closed at $2.80/MMBtu, down more than $0.60 from November’s forecast.1
  • Renewable energy
    The EIA’s December 2023 Short Term Energy Outlook report estimates US solar generation grew 15% in 2023 and predicts US solar generation will grow 39% in 2024.2
  • Power and utilities
    Net electricity generation in the US remained unchanged in November 2023 compared to November 2022, with decreases in coal power generation being offset by a shift to natural gas.3
  • Nuclear energy
    The director of the US government’s Gateway for Advanced Innovation in Nuclear announced that 13 states are conducting feasibility studies for an advanced nuclear project.4

This newsletter is a periodic compilation of certain capital markets information. Information contained in this newsletter should not be construed as a recommendation to sell or a recommendation to buy any security. Any reference to or omission of any reference to any company in this newsletter shall not be construed as a recommendation to sell, buy, or take any other action with respect to any security of any such company. We are not soliciting any action with respect to any security or company based on this newsletter. This newsletter is published solely for the general information of clients and friends of Deloitte Corporate Finance LLC. It does not take into account the particular investment objectives, financial situation, or needs of individual recipients. Certain transactions, including those involving early-stage companies, give rise to substantial risk and are not suitable for all investors. This newsletter is based on information that we consider reliable, but we do not represent that it is accurate or complete, and it should not be relied upon as such. Prediction of future events is inherently subject to both known risks, uncertainties, and other factors that may cause actual results to vary materially. We are under no obligation to update the information contained in this newsletter. We and our affiliates and related entities, partners, principals, directors, and employees, including persons involved in the preparation or issuance of this newsletter, may from time to time have “long” and “short” positions in, and buy or sell, the securities, or derivatives (including options) thereof, of companies mentioned herein. The companies mentioned in this newsletter may be: (i) investment banking clients of Deloitte Corporate Finance LLC; or (ii) clients of Deloitte Financial Advisory Services LLP and its related entities. The decision to include any company for mention or discussion in this newsletter is wholly unrelated to any audit or other services that Deloitte Corporate Finance LLC may provide or to any audit services or any services that any of its affiliates or related entities may provide to such company. No part of this newsletter may be copied or duplicated in any form by any means, or redistributed without the prior written consent of Deloitte Corporate Finance LLC.

References

1US Energy Information Administration (EIA), Short-term energy outlook, December 2023.

2Ibid.

3EIA, “Electricity Monthly Update,” December 2023.

4DOE, “At COP28, Countries Launch Declaration to Triple Nuclear Energy Capacity by 2050, Recognizing the Key Role of Nuclear Energy in Reaching Net Zero”, December 2023.

Fullwidth SCC. Do not delete! This box/component contains JavaScript that is needed on this page. This message will not be visible when page is activated.

Did you find this useful?