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


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.
3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts