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  1. Deals Analysis
May 23, 2022

Oil & Gas industry deals total $4.9bn globally in April 2022

By Carmen

Total Oil & gas industry deals worth $4.9bn were announced globally for April 2022, with the $1.46bn acquisition of Siccar Point Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 60.4% over the previous month of $12.41bn and a drop of 74.6% when compared with the last 12-month average of $19.3bn.

In terms of number of deals, the sector saw a drop of 42.74% with 67 deals in April 2022 when compared to the last 12-month average of 117 deals.

In value terms, North America led the activity with deals worth $2.56bn in April 2022.

Oil & gas industry deals in April 2022: Top deals

The top five deals accounted for 68.4% of the overall value during April 2022.

The combined value of the top five deals stood at $3.36bn, against the overall value of $4.9bn recorded for the month.

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

1) Ithaca Energy $1.46bn acquisition deal with Siccar Point Energy

2) The $624.7m acquisition of 3Bear Delaware Holding-NM by Delek Logistics Partners

3) Ergon $552.7m acquisition deal for 68% stake in Blueknight Energy Partners

4) The $369m acquisition of (Sub) and Sundance Energy by SilverBow Resources

5) Atreides Management,Bain Capital Ventures,Castle Island Ventures,CMT Digital Ventures,DRW Venture Capital,Engine No. 1,Exor Seeds,Felicis Ventures,Footprint Coalition Ventures,Founders Fund,G2 Venture Partners,Inclusive Capital Partners,Lowercarbon Capital,MCJ Collective,MitsuiGlobal Investment Inc,Polychain Capital,Tao Capital Partners,Upper90,Valor Equity Partners,Winklevoss Capital Management and Zigg Capital $350m venture financing deal with Crusoe Energy Systems

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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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