The long-term outlook in the Gulf of Mexico energy sector is strong, with industry spending projected to exceed $40 billion in 2014, according to analysis by D.A. Davidson & Co. The spending growth is expected to drive continued M&A activity in the Louisiana energy services market.
“Due to the high level of activity we see in this region, Louisiana is an important market for Davidson. Resource constraints, including technology and personnel, are the key drivers to M&A activity in the overall energy industry,” said Miro Lazarov, managing director and head of D.A. Davidson’s Energy Group. “The Louisiana Energy Services market provides access to the Gulf of Mexico, has a dynamic and entrepreneurial management and labor force, and is the hub for much of the technology development that buyers are seeking access to.”