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  1. Deals Analysis
January 18, 2021

Oil & gas industry M&A deals in December 2020 total $9.87bn in US

By Baghmar P

Total oil & gas industry M&A deals in December 2020 worth $9.87bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 229.7% over the previous month and a rise of 9.6% when compared with the last 12-month average of $9bn.

The US held a 36.4% share of the global oil & gas industry M&A deal value that totalled $27.08bn in December 2020.

In terms of deal activity, the US recorded 58 deals during December 2020, marking an increase of 26.1% over the previous month and a rise of 26.1% over the 12-month average.

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The US oil & gas industry M&A deals in December 2020: Top deals

The top five oil & gas industry M&A deals accounted for 83.7% of the overall value during December 2020.

The combined value of the top five oil & gas M&A deals stood at $8.26bn, against the overall value of $9.87bn recorded for the month.

The top five oil & gas industry deals of December 2020 tracked by GlobalData were:

1) TC Energy’s $3.19bn acquisition of TC Pipelines

2) The $2.2bn acquisition of QEP Resources by Diamondback Energy

3) Trinseo’s $1.36bn asset transaction with Arkema

4) The $861.3m asset transaction with Guidon Operating by Diamondback Energy

5) Murphy USA’s acquisition of QuickChek for $645m.

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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