US Oil and Gas Merger Deals Hit $9.8B in July
This value represented 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, according to GlobalData.
The
United States recorded 44 deals during July, which was a decrease of 6.4
percent over the previous month and a drop of 34.3 percent over the 12-month
average, the data and analytics company highlighted.
GlobalData
noted that the United States held a 51.1 percent share of the total $19.36
billion global oil and gas industry M&A deal value in July.
The
company highlighted that the top five U.S. oil and gas industry M&A deals
of July tracked by GlobalData were:
Callon
Petroleum’s $4.92 billion acquisition of Carrizo Oil & Gas
UGI’s
$1.28 billion acquisition of Columbia Midstream Group
Synthomer’s
$824 million acquisition of Omnova Solutions
Viper
Energy Partners’ $700 million acquisition of Diamondback Energy
Osaka
Gas’ $610 million acquisition of Sabine Oil & Gas
The
value of U.S. M&A deals hit a 10-year low in the first quarter of 2019,
according to Drillinginfo. This activity was said to have roared back to life
in the second quarter, however.
GlobalData
describes itself as the “gold standard” data provider to the world’s largest
industries. Its analysis considers only announced and completed deals from the
GlobalData financial deals database and excludes all terminated and rumored
deals.
Earlier this month, GlobalData revealed that the global oil and gas industry’s total contract value increased by 79 percent from the first to the second quarter of 2019. This value reached $42 billion in 2Q, compared to $23.4 billion in 1Q, despite a slight decline in the number of contracts from 1,453 in 1Q to 1,283 in 2Q, GlobalData highlighted.