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

16 December 2020 (Last Updated December 16th, 2020 10:33)

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

Total oil & gas industry M&A deals in November 2020 worth $1.84bn were announced in the US, according to GlobalData’s deals database.

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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.

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.