Oil & gas industry M&A deals in June 2020 total $5.95bn in US

22 July 2020 (Last Updated July 22nd, 2020 17:40)

Oil & gas industry M&A deals in June 2020 total $5.95bn in US

Total oil & gas industry M&A deals in June 2020 worth $5.95bn were announced in the US, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The value marked an increase of 579.4% over the previous month and a drop of 12.7% when compared with the last 12-month average of $6.81bn.

The US held a 33.4% share of the global oil & gas industry M&A deal value that totalled $17.8bn in June 2020.

In terms of deal activity, the US recorded 35 deals during June 2020, marking an increase of 45.8% over the previous month and a drop of 30% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 97.8% of the overall value during June 2020.

The combined value of the top five oil & gas M&A deals stood at $5.82bn, against the overall value of $5.95bn recorded for the month.

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

1) Ineos Group’s $5bn asset transaction with BP

2) The $402m acquisition of Antero Resources by TPG Sixth Street Partners

3) Hilco Redevelopment Partners’ $225.5m asset transaction with Philadelphia Energy Solutions

4) The $100m asset transaction with Black Stone Minerals by Pegasus Resources

5) Presidio Petroleum’s asset transaction with Templar Energy for $91m.

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.