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  1. Deals Analysis
April 30, 2019

Oil & gas industry private equity deals in Q1 2019 total $9.46bn in US

Total oil & gas industry private equity deals in Q1 2019 worth $9.46bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 91.7% over the previous quarter and a rise of 42.8% when compared with the last four-quarter average of $6.62bn.

The US held a 73.01% share of the global oil & gas industry private equity deal value that totalled $12.95bn in Q1 2019.

In terms of deal activity, the US recorded 33 deals during Q1 2019, marking a flat growth over the previous quarter and a rise of 17.9% over the last four-quarter average.

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US oil & gas industry private equity deals in Q1 2019: Top deals

The top five oil & gas industry private equity deals accounted for 79% of the overall value during Q1 2019.

The combined value of the top five oil & gas industry private equity deals stood at $7.47bn, against the overall value of $9.46bn recorded for the quarter. The top announced oil & gas industry private equity deal tracked by GlobalData in Q1 2019 was The Blackstone Group’s $3.2bn private equity deal with Tallgrass Energy.

In second place was the $1.6bn private equity deal with Targa Badlands by Blackstone Tactical Opportunities Advisors and GSO Capital Partners and in third place was Stonepeak Infrastructure Partners’ $1bn private equity deal with Discovery Midstream Holdings II.

The $930m private equity deal with Goodnight Midstream by TPG Capital and Hartree Partners and Oaktree Capital Management’s private equity deal with Hartree Bulk Storage for $735m held fourth and fifth positions, respectively.

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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