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  1. Deals Analysis
June 20, 2019

Oil & gas industry M&A deals in May 2019 total $20.98bn in US

Total oil & gas industry M&A deals in May 2019 worth $20.98bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 67.3% over the previous month and a drop of 12.2% when compared with the last 12-month average of $23.9bn.

The US held a 57.1% share of the global oil & gas industry M&A deal value that totalled $36.75bn in May 2019.

In terms of deal activity, the US recorded 50 deals during May 2019, marking an increase of 11.1% over the previous month and a drop of 28.6% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 82.2% of the overall value during May 2019.

The combined value of the top five oil & gas industry M&A deals stood at $17.25bn, against the overall value of $20.98bn recorded for the month. The top announced oil & gas industry M&A deal tracked by GlobalData in May 2019 was MPLX’s $14bn acquisition of Andeavor Logistics.

In second place was the $965m asset transaction with Shell Offshore by Equinor and in third place was NGL Energy Partners’ $890m acquisition of Mesquite Disposals Unlimited.

The $800m stake acquisition of Colonial Pipeline and Explorer Pipeline by Shell Midstream Partners and Chart Industries’ asset transaction with Harsco for $592m held fourth and fifth positions, respectively.

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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