Total oil & gas industry deals for October 2019 worth $27.83bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 60.7% over the previous month and a drop of 28.9% when compared with the last 12-month average of $39.14bn.
In terms of number of deals, the sector saw a drop of 21.3% over the last 12-month average with 148 deals against the average of 188 deals.
In value terms, North America led the activity with deals worth $19.94bn.
Oil & gas industry deals in October 2019: Top deals
The top five oil & gas deals accounted for 52.4% of the overall value during October 2019.
The combined value of the top five oil & gas deals stood at $14.59bn, against the overall value of $27.83bn recorded for the month.
The top five oil & gas industry deals of October 2019 tracked by GlobalData were:
1) Hess Midstream Partners’ $6.2bn acquisition of Hess Infrastructure Partners
2) The $2.65bn asset transaction with Indigo Natural Resources and Momentum Midstream by DTE Energy
3) Parsley Energy’s $2.27bn acquisition of Jagged Peak Energy
4) The $2bn acquisition of Dominion Cove Point LNG by Brookfield Asset Management
5) Santos’ asset transaction with ConocoPhillips for $1.47bn.
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.