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  1. Deals Analysis
April 24, 2019

Oil & gas industry M&A deals in March 2019 total $4.09bn in US

Total oil & gas industry M&A deals in March 2019 worth $4.09bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 52.4% over the previous month and a drop of 83.1% when compared with the last 12-month average of $24.21bn.

The US held a 4.9% share of the global oil & gas industry M&A deal value that totalled $82.87bn in March 2019.

In terms of deal activity, the US recorded 43 deals during March 2019, marking a decrease of 10.4% over the previous month and a drop of 39.4% over the 12-month average.

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The US oil & gas industry M&A deals in March 2019: Top deals

The top five US oil & gas industry M&A deals accounted for 89.03% of the overall value during March 2019.

The combined value of the top five oil & gas industry M&A deals in the US stood at $3.64bn, against the overall value of $4.09bn recorded for the month. The top announced oil & gas industry M&A deal in the US 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 Ineos Group’s $700m asset transaction with Tronox.

The $400m asset transaction with Hg Energy II Appalachia by Diversified Gas & Oil and SK Holdings’ acquisition of Blue Racer Midstream for $300m 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.


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