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  1. Deals Analysis
December 20, 2019

US oil & gas industry sees a drop of 38.5% in deal activity in November 2019

By Baghmar P

The US oil & gas industry saw a drop of 38.5% in overall deal activity during November 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 48 deals worth $4.04bn were announced in November 2019, compared to the 12-month average of 78 deals.

M&A was the leading category in the month in terms of volume with 41 deals which accounted for 85.4% of all deals.

In second place was private equity with four deals, followed by venture financing with three transactions, respectively accounting for 8.3% and 6.3% 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 $3.5bn, while private equity and venture financing deals totalled $535m and $3.05m, respectively.

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

The top five oil & gas industry deals accounted for 84% of the overall value during November 2019.

The combined value of the top five oil & gas deals stood at $3.39bn, against the overall value of $4.04bn recorded for the month.

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

1) Noble Midstream Partners’ $1.6bn asset transaction with Noble Energy

2) The $600m asset transaction with Riverstone Holdings by EIP Investment, KDB Infrastructure Investment Asset Management, Samtan and Shinhan Investment

3) HighPeak Energy Assets II’s $465m asset transaction with Grenadier Energy Partners II

4) The $400m private equity deal with Ironwood Midstream Energy Partners II by EnCap Flatrock Midstream

5) Repsol’s asset transaction with Equinor for $325m.

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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