North America oil & gas industry deals in Q4 2019: Top and total deals revealed
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North America’s oil & gas industry sees a drop of 29.5% in deal activity in Q4 2019

21 Feb 2020 (Last Updated February 24th, 2020 13:36)

North America’s oil & gas industry sees a drop of 29.5% in deal activity in Q4 2019

North America’s oil & gas industry saw a drop of 29.5% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 218 deals worth $43.95bn were announced for the region during Q4 2019, against the last four-quarter average of 309 deals.

Of all the deal types, M&A saw most activity in Q4 2019 with 158, representing a 72.5% share for the region.

In second place was venture financing with 40 deals, followed by private equity deals with 20 transactions, respectively capturing an 18.4% and 9.2% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $34.5bn, while private equity and venture financing deals totalled $8.45bn and $1bn, respectively.

North America oil & gas industry deals in Q4 2019: Top deals

The top five oil & gas deals accounted for 48.8% of the overall value during Q4 2019.

The combined value of the top five oil & gas deals stood at $21.44bn, against the overall value of $43.95bn recorded for the quarter.

The top five oil & gas industry deals of Q4 2019 tracked by GlobalData were:

1) Hess Midstream Partners’ $6.2bn acquisition of Hess Infrastructure Partners

2) The $5.69bn private equity deal with Tallgrass Energy by Enagas, National Pension Service, The Blackstone Group, GIC and Universities Superannuation Scheme

3) Apergy’s $4.4bn asset transaction with Ecolab

4) The $2.65bn asset transaction with Indigo Natural Resources and Momentum Midstream by DTE Energy

5) WPX Energy’s acquisition of Felix Energy Holdings II for $2.5bn.

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.

 

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.