Total oil & gas M&A deals worth $11.64bn were announced in the United States during January 2019, according to GlobalData’s deals database.

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The value marked an increase of 998.1% over the previous month and a drop of 52% when compared with the last 12-month average of $24.24bn.

The United States held a 58% share of the global oil & gas M&A deal value that touched $20.07bn in January 2019.

In terms of deal activity, the United States recorded 50 deals during January 2019, marking an increase of 22% over the previous month and a drop of 29.6% over the 12-month average.

Oil & gas M&A deals for January 2019: Top deals

The top five oil & gas M&A deals accounted for 90.9% of the overall value in the sector globally during January 2019.

The combined value of the top five oil & gas M&A deals stood at $10.58bn, against the overall value of $11.64bn recorded for the month. The top announced oil & gas M&A deal tracked by GlobalData in January 2019 was the $9bn merger of Entegris and Versum Materials.

In second place was Chevron‘s asset transaction with Petrobras America for $562m and in third place was SemCAMS Midstream’s $449m acquisition of Meritage Midstream.

ArcLight Capital Partners’ $328m asset transaction with Sempra Energy and Kirby‘s asset transaction with Cenac Marine Services for $244m held fourth and fifth positions, respectively.

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.

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.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.