Total oil & gas industry M&A deals in August 2019 worth $12.39bn were announced in the US, 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.

The value marked an increase of 24.9% over the previous month and a drop of 46.4% when compared with the last 12-month average of $23.12bn.

The US held a 35.6% share of the global oil & gas industry M&A deal value that totalled $34.87bn in August 2019.

In terms of deal activity, the US recorded 46 deals during August 2019, marking a decrease of 2.1% over the previous month and a drop of 29.2% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 92.6% of the overall value during August 2019.

The combined value of the top five oil & gas M&A deals stood at $11.47bn, against the overall value of $12.39bn recorded for the month.

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

1) Hilcorp Alaska’s $5.6bn asset transaction with BP

2) The $2.08bn asset transaction with Huntsman by Indorama Ventures

3) The $1.7bn merger of PDC Energy and SRC Energy

4) The $1.55bn asset transaction with Kinder Morgan by Pembina Pipeline

5) Qatar Investment Authority’s acquisition of Oryx Midstream Services for $550m.

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.