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  1. Deals Analysis
January 28, 2020

Oil & gas industry M&A deals in December 2019 total $11.22bn in US

By Baghmar P

Total oil & gas industry M&A deals in December 2019 worth $11.22bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 179.2% over the previous month and a drop of 17.6% when compared with the last 12-month average of $13.62bn.

The US held a 41.8% share of the global oil & gas industry M&A deal value that totalled $26.84bn in December 2019.

In terms of deal activity, the US recorded 42 deals during December 2019, marking a decrease of 2.3% over the previous month and a drop of 31.2% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 83.7% of the overall value during December 2019.

The combined value of the top five oil & gas M&A deals stood at $9.39bn, against the overall value of $11.22bn recorded for the month.

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

1) Apergy’s $4.4bn asset transaction with Ecolab

2) The $2.5bn acquisition of Felix Energy Holdings II by WPX Energy

3) ArcLight Capital Partners and Imm Investment’s $1.08bn asset transaction with Enbridge

4) The $770m asset transaction with Devon Energy by Kalnin Ventures

5) Talos Energy’s asset transaction with Castex Energy, ILX Holdings, ILX Holdings II, ILX III Holdings and Venari Resources for $640m.

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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