Total oil & gas industry M&A deals in Q4 2019 worth $31.24bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 2.6% over the previous quarter and a drop of 38.6% when compared with the last four-quarter average of $51.11bn.
The US held a 49.2% share of the global oil & gas industry M&A deal value that totalled $63.54bn in Q4 2019.
In terms of deal activity, the US recorded 125 deals during Q4 2019, marking a drop of 22.8% over the previous quarter and a drop of 36.9% over the last four-quarter average.
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By GlobalDataThe US oil & gas industry M&A deals in Q4 2019: Top deals
The top five oil & gas industry M&A deals accounted for 57.7% of the overall value during Q4 2019.
The combined value of the top five oil & gas M&A deals stood at $18.02bn, against the overall value of $31.24bn recorded for the month.
The top five oil & gas industry deals of Q4 2019 tracked by GlobalData were:
1) Hess Midstream Partners’ $6.2bn acquisition of Hess Infrastructure Partners
2) The $4.4bn asset transaction with Ecolab by Apergy
3) DTE Energy’s $2.65bn asset transaction with Indigo Natural Resources and Momentum Midstream
4) The $2.5bn acquisition of Felix Energy Holdings II by WPX Energy
5) Parsley Energy’s acquisition of Jagged Peak Energy for $2.27bn.
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.
