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  1. Deals Analysis
December 20, 2019

Oil & gas industry M&A deals in November 2019 total $3.5bn in US

By Baghmar P

Total oil & gas industry M&A deals in November 2019 worth $3.5bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 77.9% over the previous month and a drop of 76.01% when compared with the last 12-month average of $14.58bn.

The US held a 32.9% share of the global oil & gas industry M&A deal value that totalled $10.62bn in November 2019.

In terms of deal activity, the US recorded 41 deals during November 2019, marking an increase of 20.6% over the previous month and a drop of 32.8% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 89.3% of the overall value during November 2019.

The combined value of the top five oil & gas M&A deals stood at $3.13bn, against the overall value of $3.5bn recorded for the month.

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

1) Noble Midstream Partners’ $1.6bn asset transaction with Noble Energy

2) The $600m asset transaction with Riverstone Holdings by EIP Investment, KDB Infrastructure Investment Asset Management, Samtan and Shinhan Investment

3) HighPeak Energy Assets II’s $465m asset transaction with Grenadier Energy Partners II

4) The $325m asset transaction with Equinor by Repsol

5) Oryx Midstream Services’ asset transaction with Targa Resources for $135m.

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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