The US oil & gas industry saw a drop of 31.8% in overall deal activity during March 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 58 deals worth $5.37bn were announced in March 2019, compared to the 12-month average of 85 deals.

M&A was the leading category in the month in terms of volume with 43 deals which accounted for 74.1% of all deals.

In second place was private equity with nine deals, followed by venture financing with six transactions, respectively accounting for 15.5% and 10.3% of overall deal activity in the country’s oil & gas industry during the month.

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.

In terms of value of deals, M&A was the leading deal category in the US oil & gas industry with total deals worth $4.09bn, while private equity and venture financing deals totalled $1.27bn and $10.38m, respectively.

US oil & gas industry deals in March 2019: Top deals

The top five US oil & gas industry deals accounted for 79.5% of the overall value during March 2019.

The combined value of the top five US oil & gas industry deals stood at $4.27bn, against the overall value of $5.37bn recorded for the month. The top announced US oil & gas industry deal tracked by GlobalData in March 2019 was Tenaris‘ $1.21bn acquisition of IPSCO Tubulars.

In second place was the $1.03bn acquisition of Eureka Midstream Holdings and Hornet Midstream Holdings by EQM Midstream Partners and in third place was TPG Capital’s $930m private equity deal with Goodnight Midstream.

The $700m asset transaction with Tronox by Ineos Group and Diversified Gas & Oil’s asset transaction with Hg Energy II Appalachia for $400m 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. 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.