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  1. Deals Analysis
August 21, 2019

Oil & gas industry deals in July 2019 total $21.53bn globally

Total oil & gas industry deals for July 2019 worth $21.53bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 92.7% over the previous month and a drop of 54.5% when compared with the last 12-month average of $47.28bn.

In terms of number of deals, the sector saw a drop of 13.02% over the last 12-month average with 167 deals against the average of 192 deals.

In value terms, North America led the activity with deals worth $11.46bn.

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Oil & gas industry deals in July 2019: Top deals

The top five oil & gas deals accounted for 43.3% of the overall value during July 2019.

The combined value of the top five oil & gas deals stood at $9.32bn, against the overall value of $21.53bn recorded for the month.

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

1) Callon Petroleum’s $4.92bn acquisition of Carrizo Oil & Gas

2) The $1.28bn acquisition of Columbia Midstream Group by UGI

3) DP World’s $1.08bn acquisition of Topaz Energy and Marine

4) The $1.05bn asset transaction with Petroleo Brasileiro by Trident Energy

5) Kayne Private Energy Income Fund and Warburg Pincus’ private equity deal with WildFire Energy I for $1bn.

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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