Analysis of the key themes driving private equity deal activity reveals that shale accounted for 4 oil & gas deals announced in Q2 2023, worth a total value of $600m. The $500m investment by Quantum Energy Partners in FireBird Energy II was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q2 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.
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In value terms, shale-related deal activity increased by 20% in Q2 2023 compared with the previous quarter’s total of $500m and fell by 71% as compared to Q2 2022. Related deal volume increased by 100% in Q2 2023 versus the previous quarter and was 100% higher than in Q2 2022.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Akin Gump Strauss Hauer & Feld; Kirkland & Ellis; Sidley Austin with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
