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  1. Deals Analysis
January 28, 2020

US oil & gas industry sees a drop of 13.9% in deal activity in December 2019

By Baghmar P

The US oil & gas industry saw a drop of 13.9% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 68 deals worth $17.78bn were announced in December 2019, compared to the 12-month average of 79 deals.

M&A was the leading category in the month in terms of volume with 42 deals which accounted for 61.8% of all deals.

In second place was venture financing with 20 deals, followed by private equity with six transactions, respectively accounting for 29.4% and 8.8% of overall deal activity in the country’s oil & gas industry during the month.

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In terms of value of deals, M&A was the leading deal category in the US oil & gas industry with total deals worth $11.22bn, while private equity and venture financing deals totalled $5.88bn and $675.68m, respectively.

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

The top five oil & gas industry deals accounted for 81.2% of the overall value during December 2019.

The combined value of the top five oil & gas deals stood at $14.44bn, against the overall value of $17.78bn recorded for the month.

The top five oil & gas industry deals of December 2019 tracked by GlobalData were:

1) Enagas, National Pension Service, The Blackstone Group, GIC and Universities Superannuation Scheme’s $5.69bn private equity deal with Tallgrass Energy

2) The $4.4bn asset transaction with Ecolab by Apergy

3) WPX Energy’s $2.5bn acquisition of Felix Energy Holdings II

4) The $1.08bn asset transaction with Enbridge by ArcLight Capital Partners and Imm Investment

5) Kalnin Ventures’ asset transaction with Devon Energy for $770m.

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.

 

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