Total oil & gas industry M&A deals in July 2019 worth $9.89bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 54.4% over the previous month and a drop of 58.8% when compared with the last 12-month average of $23.98bn.

The US held a 51.1% share of the global oil & gas industry M&A deal value that totalled $19.36bn in July 2019.

In terms of deal activity, the US recorded 44 deals during July 2019, marking a decrease of 6.4% over the previous month and a drop of 34.3% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 84.2% of the overall value during July 2019.

The combined value of the top five oil & gas M&A deals stood at $8.33bn, against the overall value of $9.89bn recorded for the month.

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

1) Callon Petroleum’s $4.92bn acquisition of Carrizo Oil & Gas

2) The $1.28bn acquisition of Columbia Midstream Group by UGI

3) Synthomer’s $824m acquisition of Omnova Solutions

4) The $700m acquisition of Diamondback Energy by Viper Energy Partners

5) Osaka Gas‘ acquisition of Sabine Oil & Gas for $610m.

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.