Total oil & gas industry M&A deals in Q2 2020 worth $6.98bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 5.3% over the previous quarter and a drop of 83% when compared with the last four-quarter average of $41.02bn.
The US held a 29.2% share of the global oil & gas industry M&A deal value that totalled $23.95bn in Q2 2020.
In terms of deal activity, the US recorded 83 deals during Q2 2020, marking a drop of 36.6% over the previous quarter and a drop of 51.5% over the last four-quarter average.
The US oil & gas industry M&A deals in Q2 2020: Top deals
The top five oil & gas industry M&A deals accounted for 90.5% of the overall value during Q2 2020.
The combined value of the top five oil & gas M&A deals stood at $6.31bn, against the overall value of $6.98bn recorded for the month.
The top five oil & gas industry deals of Q2 2020 tracked by GlobalData were:
1) Ineos Group’s $5bn asset transaction with BP
2) The $541m asset transaction with Royal Dutch Shell by National Fuel Gas
3) TPG Sixth Street Partners’ $402m acquisition of Antero Resources
4) The $225.5m asset transaction with Philadelphia Energy Solutions by Hilco Redevelopment Partners
5) Diversified Gas & Oil’s asset transaction with EQT for $145m.
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.