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In the North American oil & gas industry, there were 131 M&A deals announced in Q3 2023, worth a total value of $50.4bn, according to GlobalData’s Deals Database. The $7.1bn acquisition of Crestwood Equity Partners by Energy Transfer was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q3 2023 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.

In value terms, M&A activity in North America decreased by 0% in Q3 2023 compared with the previous quarter’s total of $50.5bn and rose by 30% as compared to Q3 2022. Related deal volume decreased by 13% in Q3 2023 versus the previous quarter and was 40% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in North America in Q3 2023 were Royal Bank of Canada; JPMorgan Chase & Co; Evercore with 28, 14, 13 deals respectively.

The top-ranked legal advisors supporting these M&A deals in North America Q3 2023 were Kirkland & Ellis; Vinson & Elkins; Gibson, Dunn & Crutcher with 41, 29, 19 deals respectively.

For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

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By GlobalData

This content was updated on 20 October 2023