Total oil & gas industry M&A deals in October 2019 worth $16.13bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 68.6% over the previous month and a drop of 5.1% when compared with the last 12-month average of $17bn.

The US held a 64.7% share of the global oil & gas industry M&A deal value that totalled $24.94bn in October 2019.

In terms of deal activity, the US recorded 33 deals during October 2019, marking a decrease of 13.2% over the previous month and a drop of 47.6% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 87.6% of the overall value during October 2019.

The combined value of the top five oil & gas M&A deals stood at $14.12bn, against the overall value of $16.13bn recorded for the month.

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

1) Hess Midstream Partners’ $6.2bn acquisition of Hess Infrastructure Partners

2) The $2.65bn asset transaction with Indigo Natural Resources and Momentum Midstream by DTE Energy

3) Parsley Energy’s $2.27bn acquisition of Jagged Peak Energy

4) The $2bn acquisition of Dominion Cove Point LNG by Brookfield Asset Management

5) Citizen Energy Operating’s acquisition of Roan Resources for $1bn.

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.