Total oil & gas industry M&A deals in Q1 2020 worth $8.98bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 72.3% over the previous quarter and a drop of 79.3% when compared with the last four-quarter average of $43.43bn.
The US held a 31.9% share of the global oil & gas industry M&A deal value that totalled $28.15bn in Q1 2020.
In terms of deal activity, the US recorded 102 deals during Q1 2020, marking a drop of 32.5% over the previous quarter and a drop of 45.2% over the last four-quarter average.
The US oil & gas industry M&A deals in Q1 2020: Top deals
The top five oil & gas industry M&A deals accounted for 70.3% of the overall value during Q1 2020.
The combined value of the top five oil & gas M&A deals stood at $6.31bn, against the overall value of $8.98bn recorded for the month.
The top five oil & gas industry deals of Q1 2020 tracked by GlobalData were:
1) Illuminate Buyer’s $2.73bn acquisition of Lummus Technology
2) The $1.88bn merger of EQM Midstream Partners and Equitrans Midstream by
3) Eversource Energy’s $1.1bn acquisition of Columbia Gas of Massachusetts
4) The $305m acquisition of Felix Midstream by Plains All American Pipeline
5) Huntsman’s acquisition of CVC Thermoset Specialties for $300m.
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.