Total US oil & gas industry M&A deals in February 2019 worth $2.11bn were announced, according to GlobalData’s deals database.

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The value marked a decrease of 81.9% over the previous month and a drop of 91.3% when compared with the last 12-month average of $24.12bn.

The United States held a 44.6% share of the global oil & gas industry M&A deal value that totalled $4.73bn in February 2019.

In terms of deal activity, the United States recorded 43 deals during February 2019, marking a decrease of 4.4% over the previous month and a drop of 39.4% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 66% of the overall value during February 2019.

The combined value of the top five oil & gas industry M&A deals stood at $1.39bn, against the overall value of $2.11bn recorded for the month. The top announced oil & gas industry M&A deal tracked by GlobalData in February 2019 was Noble Midstream Partners’ $350m asset transaction with EPIC Midstream Holdings.

In second place was the $340m acquisition of Actagro by Nutrien and in third place was Ring Energy’s $300m asset transaction with Wishbone Energy Partners.

The $200m asset transaction with WPX Energy by First Infrastructure Capital Advisor and NEXUS Gas Transmission’s asset transaction with for $200m held fourth and fifth positions, respectively.

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.

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.