M&A

North America’s Oil & Gas Industry Sees a Drop of 42.7 Percent in Deal Activity in Q2 2020

North America’s oil & gas industry saw a drop of 42.7 percent in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

A total of 161 deals worth $11.04bn were announced for the region during Q2 2020, against the last four-quarter average of 281 deals.

Of all the deal types, M&A saw the most activity in Q2 2020 with 105, representing a 65.2 percent share for the region.

In second place was venture financing with 46 deals, followed by private equity deals with ten transactions, respectively capturing a 28.6 and 6.2 percent share of the overall deal activity for the quarter.

In terms of the value of deals, M&A was the leading category in North America’s oil & gas industry with $7.31bn, while private equity and venture financing deals totaled $2.81bn and $920.77m, respectively.

North America oil & gas industry deals in Q2 2020: Top deals

The top five oil & gas deals accounted for 73.3 percent of the overall value during Q2 2020.

The combined value of the top five oil & gas deals stood at $8.09bn, against the overall value of $11.04bn recorded for the quarter.

The top five oil & gas industry deals of Q2 2020 tracked by GlobalData were:

  • Ineos Group’s $5bn asset transaction with BP
  • The $1.4bn private equity deal with CenterPoint Energy by Bluescape Energy Partners, Elliott Management and Fidelity Management & Research
  • Apollo Global Management, Double Eagle Energy Holdings, FourPoint Energy, Magnetar Capital and Quantum Energy Partners’ $750m private equity deal with DoublePoint Energy
  • The $541m asset transaction with Royal Dutch Shell by National Fuel Gas
  • TPG Sixth Street Partners’ acquisition of Antero Resources for $402m.

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