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  1. Deals Analysis
July 17, 2019updated 20 Aug 2019 11:48am

North America’s oil & gas industry sees a drop of 34.3% in deal activity in Q2 2019

North America’s oil & gas industry saw a drop of 34.3% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 220 deals worth $112.39bn were announced for the region during Q2 2019, against the last four-quarter average of 335 deals.

Of all the deal types, M&A saw most activity in Q2 2019 with 173, representing a 78.6% share for the region.

In second place was venture financing with 28 deals, followed by private equity deals with 19 transactions, respectively capturing a 12.7% and 8.6% share of the overall deal activity for the quarter.

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In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $95bn, while private equity and venture financing deals totalled $16.67bn and $717.1m, respectively.

North America oil & gas industry deals in Q2 2019: Top deals

The top five oil & gas deals accounted for 78.8% of the overall value during Q2 2019.

The combined value of the top five oil & gas deals stood at $88.58bn, against the overall value of $112.39bn recorded for the quarter.

The top five oil & gas deals tracked by GlobalData in Q2 2019 were

1) Occidental Petroleum’s $57bn acquisition of Anadarko Petroleum.

2) The $14bn acquisition of Andeavor Logistics by MPLX and

3) IFM Investors’ $10.3bn private equity deal with Buckeye Partners.

4) The $3.68bn acquisition of LORD by Parker Hannifin

5) Stonepeak Infrastructure Partners’ private equity deal with Oryx Delaware Holdings and Oryx Southern Delaware Holdings for $3.6bn.

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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