Total Oil & gas industry deals worth $13.6bn were announced globally for June 2022, with the $3.55bn acquisition of Lucid Energy Group being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 15.01% over the previous month of $11.79bn and a drop of 22.6% when compared with the last 12-month average of $17.52bn.

In terms of number of deals, the sector saw a drop of 10.53% with 102 deals in June 2022 when compared to the last 12-month average of 114 deals.

In value terms, North America led the activity with deals worth $10.72bn in June 2022.

Oil & gas industry deals in June 2022: Top deals

The top five deals accounted for 61% of the overall value during June 2022.

The combined value of the top five deals stood at $8.26bn, against the overall value of $13.6bn recorded for the month.

The top five Oil & gas industry deals of June 2022 tracked by GlobalData were:

1) Targa Resources $3.55bn acquisition deal with Lucid Energy Group

2) The $1.7bn private equity deal with Double Eagle Energy Holdings IV and Tumbleweed Royalty IV by Apollo Natural Resources Partners Funds ,EnCap Investments and Magnetar Capital

3) Whitecap Resources $1.47bn acquisition deal with XTO Energy Canada

4) The $1.01bn private equity deal of 54.06% stake in PI Advanced Materials by Baring Private Equity Asia V Holding (1)

5) Compass Diversified Holdings $530m private equity deal with PrimaLoft