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  1. Deals Analysis
June 20, 2019

North America’s oil & gas industry sees a drop of 25.2% in deal activity in May 2019

North America’s oil & gas industry saw a drop of 25.2% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 80 oil & gas industry deals worth $36.91bn were announced for the region in May 2019, against the 12-month average of 107 deals.

Of all the deal types, M&A saw most activity in May 2019 with 67 transactions, representing an 83.8% share for the region.

In second place was venture financing with eight deals, followed by private equity deals with five transactions, respectively capturing a 10% and 6.3% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $24.77bn, while private equity and venture financing deals totalled $11.6bn and $547.07m, respectively.

North America oil & gas industry deals in May 2019: Top deals

The top five oil & gas deals accounted for 79.6% of the overall value during May 2019.

The combined value of the top five oil & gas deals stood at $29.37bn, against the overall value of $36.91bn recorded for the month. The top announced oil & gas deal tracked by GlobalData in May 2019 was MPLX’s $14bn acquisition of Andeavor Logistics.

In second place was the $10.3bn private equity deal with Buckeye Partners by IFM Investors and in third place was Canadian Natural Resources’ $2.8bn acquisition of Devon Canada.

The $1.3bn private equity deal with Venture Global LNG by Stonepeak Infrastructure Partners and Equinor’s asset transaction with Shell Offshore for $965m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

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.


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