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  1. Deals Analysis
June 20, 2019

US oil & gas industry sees a drop of 28.7% in deal activity in May 2019

The US oil & gas industry saw a drop of 28.7% in overall deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 62 deals worth $33.13bn were announced in May 2019, compared to the 12-month average of 87 deals.

M&A was the leading category in the month in terms of volume with 50 deals which accounted for 80.7% of all deals.

In second place was venture financing with eight deals, followed by private equity with four transactions, respectively accounting for 12.9% and 6.5% 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 $20.98bn, while private equity and venture financing deals totalled $11.6bn and $547.07m, respectively.

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

The top five oil & gas industry deals accounted for 82.9% of the overall value during May 2019.

The combined value of the top five oil & gas industry deals stood at $27.46bn, against the overall value of $33.13bn recorded for the month. The top announced US oil & gas industry deal tracked by GlobalData in May 2019 was MPLX’s $14bn acquisition of Andeavor Logistics.

In second place was the $10.3bn private equity deal with Buckeye Partners by IFM Investors and in third place was Stonepeak Infrastructure Partners’ $1.3bn private equity deal with Venture Global LNG.

The $965m asset transaction with Shell Offshore by Equinor and NGL Energy Partners’ acquisition of Mesquite Disposals Unlimited for $890m held fourth and fifth positions, respectively.

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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