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  1. Deals Analysis
July 17, 2019

Oil & gas industry M&A deals in Q2 2019 total $90.57bn in US

Total oil & gas industry M&A deals in Q2 2019 worth $90.57bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 449.02% over the previous quarter and a rise of 32.5% when compared with the last four-quarter average of $68.36bn.

The US held a 66.6% share of the global oil & gas industry M&A deal value that totalled $135.96bn in Q2 2019.

In terms of deal activity, the US recorded 136 deals during Q2 2019, marking a drop of 29.2% over the previous quarter and a drop of 39.01% over the last four-quarter average.

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The US oil & gas industry M&A deals in Q2 2019: Top deals

The top five oil & gas industry M&A deals accounted for 86.2% of the overall value during Q2 2019.

The combined value of the top five oil & gas industry M&A deals stood at $78.1bn, against the overall value of $90.57bn recorded for the quarter. The top announced oil & gas industry M&A deal tracked by GlobalData in Q2 2019 was Occidental Petroleum’s $57bn acquisition of Anadarko Petroleum.

In second place was the $14bn acquisition of Andeavor Logistics by MPLX and in third place was Parker Hannifin’s $3.68bn acquisition of LORD.

The $2.2bn acquisition of Covey Park Energy by Comstock Resources and Murphy Oil’s asset transaction with LLOG Bluewater Holdings and LLOG Exploration Offshore for $1.23bn held fourth and fifth positions, respectively.

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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