Total oil & gas industry M&A deals worth $4.5bn were announced globally in February 2022, led by PDC Energy’s $1.3bn acquisition of Great Western Petroleum, according to GlobalData’s deals database.
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The value marked a decrease of 53.6% over the previous month of $9.74bn and a drop of 68.1% when compared with the last 12-month average, which stood at $14.16bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $3.56bn. At the country level, the US topped the list in terms of deal value at $3.45bn.
In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in February 2022 was the US with 21 deals, followed by the UK with five and China with four.
In 2022, as of February, oil & gas M&A deals worth $14.25bn were announced globally, marking an increase of 54.01% year on year.
oil & gas industry M&A deals in February 2022: Top deals
The top five M&A deals accounted for 67.3% of the overall value during February 2022.
The combined value of the top five oil & gas M&A deals stood at $3.04bn, against the overall value of $4.5bn recorded for the month.
The top five oil & gas industry M&A deals of February 2022 tracked by GlobalData were:
1) PDC Energy $1.3bn acquisition deal with Great Western Petroleum
2) The $690m acquisition of Hope Gas by ULLICO
3) Alpek SAB de CV $620m acquisition deal with OCTAL HoldingSAOC
4) The $300m acquisition of Bison Oil & Gas II by Civitas Resources
5) Saudi Basic Industries $130m acquisition of 50% stake in Scientific DesignInc