Total Oil & gas industry M&A deals worth $9.4bn were announced globally in June 2022, led by Targa Resources‘ $3.55bn acquisition of Lucid Energy Group, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 54.01% over the previous month of $6.11bn and a drop of 24.2% when compared with the last 12-month average, which stood at $12.41bn.

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 $7.68bn. At the country level, the US topped the list in terms of deal value at $6.16bn.

In terms of volumes, North America emerged as the top region for Oil & gas industry M&A deals globally, followed by Asia-Pacific and then Europe.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The top country in terms of M&A deals activity in June 2022 was the US with 26 deals, followed by the China with 11 and Canada with six.

In 2022, as of June, Oil & gas M&A deals worth $43.39bn were announced globally, marking an increase of 41.6% year on year.

Oil & gas industry M&A deals in June 2022: Top deals

The top five M&A deals accounted for 60.4% of the overall value during June 2022.

The combined value of the top five Oil & gas M&A deals stood at $5.68bn, against the overall value of $9.4bn recorded for the month.

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

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

2) The $1.47bn acquisition of XTO Energy Canada by Whitecap Resources

3) TGS $252m acquisition deal with Magseis

4) The $210m acquisition of U.S. Well Services by ProFrac Holding

5) FMC $200m acquisition deal with BioPhero