Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
December 16, 2020

Oil & gas industry M&A deals in November 2020 total $1.84bn in US

By admin-demo

Total oil & gas industry M&A deals in November 2020 worth $1.84bn 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 a decrease of 92.1% over the previous month and a drop of 79.8% when compared with the last 12-month average of $9.1bn.

The US held a 32.3% share of the global oil & gas industry M&A deal value that totalled $5.71bn in November 2020.

In terms of deal activity, the US recorded 39 deals during November 2020, marking a decrease of 7.1% over the previous month and a drop of 11.4% over the 12-month average.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

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

The top five oil & gas industry M&A deals accounted for 85.03% of the overall value during November 2020.

The combined value of the top five oil & gas M&A deals stood at $1.57bn, against the overall value of $1.84bn recorded for the month.

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

1) Casey’s General Stores’ $580m acquisition of Buchanan Energy

2) The $404m acquisition of Gemini HDPE by INEOS Olefins & Polymers USA

3) Bonanza Creek Energy’s $376m acquisition of HighPoint Resources

4) The $106m asset transaction with NuStar Energy by BWC Terminals

5) GPM Investments’ asset transaction with for $100m.

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.


Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy