72.43 F
Houston, TX
September 21, 2020
Oil & gas industry M&A deals totalled $9.89bn in US during July 2019

Oil & Gas Industry M&A Deals Totaled $9.89 Billion in US During July 2019

North America Crude Oil Exports Virtual Summit

Total oil & gas industry M&A deals in July 2019 worth $9.89 billion were announced in the U.S., according to GlobalData, a leading data and analytics company.

The value marked an increase of 54.4 percent over the previous month and a drop of 58.8 percent when compared with the last 12-month average of $23.98 billion.

The U.S. held a 51.1 percent share of the global oil & gas industry M&A deal value that totaled $19.36 billion in July 2019.

In terms of deal activity, the U.S. recorded 44 deals during July 2019, marking a decrease of 6.4 percent over the previous month and a drop of 34.3 percent over the 12-month average.

The U.S. oil & gas industry M&A deals in July 2019: Top deals

The top five oil & gas industry M&A deals accounted for 84.2 percent of the overall value during July 2019.

The combined value of the top five oil & gas M&A deals stood at $8.33 billion, against the overall value of $9.89 billion recorded for the month.

The top five oil & gas industry deals of July 2019 tracked by GlobalData were:

  1. Callon Petroleum’s $4.92bn acquisition of Carrizo Oil & Gas
  2. The $1.28bn acquisition of Columbia Midstream Group by UGI
  3. Synthomer’s $824m acquisition of Omnova Solutions
  4. The $700m acquisition of Diamondback Energy by Viper Energy Partners
  5. Osaka Gas’ acquisition of Sabine Oil & Gas for $610m.
Newsletter Sign-up

Subscribe to OILMAN Today, our industry newsletter covering oil and gas business news, events, information and trends shaping the market, delivered to your inbox.

Related posts

Subscribe to OILMAN TodayDelivered right to your inbox

Subscribe to OILMAN Today, a biweekly newsletter delivered to your inbox covering oil and gas business news, current events and industry information you need to know about.