In the US oil & gas industry, there were 117 M&A deals announced in Q2 2023, worth a total value of $45.4bn, according to GlobalData’s Deals Database. The $19.1bn acquisition of magellan midstream partners by oneok was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in The US increased by 92% in Q2 2023 compared with the previous quarter’s total of $23.7bn and rose by 117% as compared to Q2 2022. Related deal volume decreased by 5% in Q2 2023 versus the previous quarter and was 30% lower than in Q2 2022.
The top-ranked legal advisorss supporting these M&A deals in The US Q2 2023 were Kirkland & Ellis; Vinson & Elkins; Gibson, Dunn & Crutcher with 29, 16, 10 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.