Total oil & gas industry M&A deals in February 2020 worth $2.04bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 47.4% over the previous month and a drop of 86% when compared with the last 12-month average of $14.52bn.
The US held a 36.4% share of the global oil & gas industry M&A deal value that totalled $5.6bn in February 2020.
In terms of deal activity, the US recorded 32 deals during February 2020, marking a decrease of 11.1% over the previous month and a drop of 43.9% over the 12-month average.
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By GlobalDataThe US oil & gas industry M&A deals in February 2020: Top deals
The top five oil & gas industry M&A deals accounted for 88.9% of the overall value during February 2020.
The combined value of the top five oil & gas M&A deals stood at $1.81bn, against the overall value of $2.04bn recorded for the month.
The top five oil & gas industry deals of February 2020 tracked by GlobalData were:
1) Eversource Energy’s $1.1bn acquisition of Columbia Gas of Massachusetts
2) The $225m asset transaction with Centennial Resource Development by WaterBridge Resources
3) Dominion Energy’s $175m acquisition of Atlantic Coast Pipeline
4) The $155m asset transaction with Magellan Midstream Partners, Plains All American Pipeline and Western Midstream Partners by Greenfield Midstream
5) Schweitzer-Mauduit International’s acquisition of Tekra and TRIENT for $155m.
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.
