Total oil & gas industry M&A deals worth $4.5bn were announced globally in February 2022, led by PDC Energy ’s $1.3bn acquisition of Great Western Petroleum , according to GlobalData’s deals database.
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The value marked a decrease of 53.6% over the previous month of $9.74bn and a drop of 68.1% when compared with the last 12-month average, which stood at $14.16bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.56bn. At the country level, the US topped the list in terms of deal value at $3.45bn.
In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in February 2022 was the US with 21 deals, followed by the UK with five and China with four.
In 2022, as of February, oil & gas M&A deals worth $14.25bn were announced globally, marking an increase of 54.01% year on year.
oil & gas industry M&A deals in February 2022: Top deals
The top five M&A deals accounted for 67.3% of the overall value during February 2022.
The combined value of the top five oil & gas M&A deals stood at $3.04bn, against the overall value of $4.5bn recorded for the month.
The top five oil & gas industry M&A deals of February 2022 tracked by GlobalData were:
3) Alpek SAB de CV $620m acquisition deal with OCTAL HoldingSAOC
4) The $300m acquisition of Bison Oil & Gas II by Civitas Resources
5) Saudi Basic Industries $130m acquisition of 50% stake in Scientific DesignInc
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.