Total oil & gas industry M&A deals in September 2020 worth $6.77bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 72.1% over the previous month and a drop of 22.5% when compared with the last 12-month average of $8.74bn.

The US held a 64.02% share of the global oil & gas industry M&A deal value that totalled $10.58bn in September 2020.

In terms of deal activity, the US recorded 35 deals during September 2020, marking a decrease of 14.6% over the previous month and a drop of 23.9% over the 12-month average.

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By GlobalData

The US oil & gas industry M&A deals in September 2020: Top deals

The top five oil & gas industry M&A deals accounted for 99.5% of the overall value during September 2020.

The combined value of the top five oil & gas M&A deals stood at $6.74bn, against the overall value of $6.77bn recorded for the month.

The top five oil & gas industry deals of September 2020 tracked by GlobalData were:

1) Merger of Devon Energy and WPX Energy for $5.35bn

2) The $620m asset transaction with Dow by Vopak Industrial Infrastructure Americas

3) Abu Dhabi Investment Authority’s $615m acquisition of Cheniere Energy

4) The $115.5m asset transaction with Approach Resources by Zarvona III-A

5) Pelican Energy Partners’ asset transaction with Baker Hughes for $32.5m.

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.