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September 21, 2020

US Oil & Gas Industry M&A Deals Total $11.22 Billion in December 2019

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Total oil & gas industry M&A deals in December 2019 worth $11.22bn were announced in the U.S., according to GlobalData’s deals database.

The value marked an increase of 179.2% over the previous month and a drop of 17.6% when compared with the last 12-month average of $13.62bn.

The U.S. held a 41.8% share of the global oil & gas industry M&A deal value that totaled $26.84bn in December 2019.

In terms of deal activity, the U.S. recorded 42 deals during December 2019, marking a decrease of 2.3% over the previous month and a drop of 31.2% over the 12-month average.

M&A was the leading category in the month in terms of volume which accounted for 61.8% of all deals.

In second place was venture financing with 20 deals, followed by private equity with six transactions, respectively accounting for 29.4% and 8.8% of overall deal activity in the country’s oil & gas industry during the month.

In terms of the value of deals, M&A was the leading deal category in the U.S. oil & gas industry, while private equity and venture financing deals totaled $5.88bn and $675.68m, respectively.

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

The top five oil & gas industry M&A deals accounted for 83.7% of the overall value during December 2019.

The combined value of the top five oil & gas M&A deals stood at $9.39bn, against the overall value of $11.22bn recorded for the month.

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

  1. Apergy’s $4.4bn asset transaction with Ecolab
  2. The $2.5bn acquisition of Felix Energy Holdings II by WPX Energy
  3. ArcLight Capital Partners and Imm Investment’s $1.08bn asset transaction with Enbridge
  4. The $770m asset transaction with Devon Energy by Kalnin Ventures
  5. Talos Energy’s asset transaction with Castex Energy, ILX Holdings, ILX Holdings II, ILX III Holdings and Venari Resources for $640m.
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