US oil & gas industry saw a drop of 26% in overall deal activity during March 2022, when compared with the last 12-month average, led by EnCap Investments’ $1.45bn private equity deal with EP Energy, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 37 deals worth $2bn were announced in March 2022, compared with the 12-month average of 50 deals.
M&A was the leading category in the month in terms of volume with 21 deals, which accounted for 56.8% of all deals.
In second place was venture financing with 14 deals, followed by private equity with two transactions, respectively accounting for 37.8% and 5.4% of overall deal activity in the US technology industry during the month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn terms of value of deals, private equity was the leading deal category in the US oil & gas industry with total deals worth $1.45bn, while M&A and venture financing deals totalled $335.8m and $191.88m respectively.
US oil & gas industry deals in March 2022: Top deals
The top five oil & gas industry deals accounted for 92.03% of the overall value during March 2022.
The combined value of the top five oil & gas deals stood at $1.82bn, against the overall value of $2bn recorded for the month.
The top five oil & gas industry deals of March 2022 tracked by GlobalData were:
1) EnCap Investments $1.45bn private equity deal with EP Energy
2) The $200m acquisition of Southcross Energy Operating by Targa Resources
3) Houston Natural Resources $100m acquisition deal with Cunningham Energy
4) The $55m venture financing of Encina Development Group by Imm Investment and SW Recycle Fund
5) Italgas $15m acquisition deal with Picarro
