North America’s oil & gas industry saw a drop of 37.50% in deal activity during August 2022, when compared with the last 12-month average, led by Devon Energy’s $1.8bn acquisition of Validus Energy, according to GlobalData’s deals database.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 35 oil & gas industry deals worth $6.2bn were announced for the region in August 2022, against the 12-month average of 56 deals.
Of all the deal types, M&A saw most activity in August 2022 with 19 transactions, representing a 54.3% share for the region.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn second place was venture financing with 15 deals, followed by private equity deals with one transactions, respectively capturing a 42.9% and 2.9% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $5.13bn, while private equity and venture financing deals totalled $950m and $75.34m, respectively.
North America oil & gas industry deals in August 2022: Top deals
The top five oil & gas deals accounted for 74.9% of the overall value during August 2022.
The combined value of the top five oil & gas deals stood at $4.61bn, against the overall value of $6.2bn recorded for the month.
The top five oil & gas industry deals of August 2022 tracked by GlobalData were:
1) Devon Energy’s $1.8bn acquisition deal with Validus Energy
2) The $950m acquisition of Minnesota Rubber & Plastics Corporate by Trelleborg
3) H.I.G. Capital’s $950m private equity deal with Avient
4) The $485m acquisition of Woodford Express by Energy Transfer
5) Williams Field Services Group’s $423m acquisition deal with NorTex Midstream Partners
