North America’s oil & gas industry saw a drop of 36.8% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 67 oil & gas industry deals worth $12.14bn were announced for the region in April 2019, against the 12-month average of 106 deals.
Of all the deal types, M&A saw most activity in April 2019 with 49 transactions, representing a 73.1% share for the region.
In second place was venture financing with 11 deals, followed by private equity deals with seven transactions, respectively capturing a 16.4% and 10.5% 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 $7.92bn, while private equity and venture financing deals totalled $4.2bn and $21.06m, respectively.
North America oil & gas industry deals in April 2019: Top deals
The top five oil & gas deals accounted for 85.2% of the overall value during April 2019.
The combined value of the top five oil & gas deals stood at $10.35bn, against the overall value of $12.14bn recorded for the month. The top announced oil & gas deal tracked by GlobalData in April 2019 was Parker Hannifin’s $3.68bn acquisition of LORD.
In second place was the $3.6bn private equity deal with Oryx Delaware Holdings and Oryx Southern Delaware Holdings by Stonepeak Infrastructure Partners and in third place was Murphy Oil’s $1.63bn asset transaction with LLOG Bluewater Holdings and LLOG Exploration Offshore.
The $965m asset transaction with Royal Dutch Shell by Delek Group and Crestwood Equity Partners‘ stake acquisition of Jackalope Gas Gathering Services for $484.6m held fourth and fifth positions, respectively.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.