Announced worldwide M&A in third-quarter 2022 fell 48.1% to $544.4 billion compared with the same time last year, according to analytics and consulting firm GlobalData.
Deal value for the third quarter actually fell below COVID-hit 2020’s third quarter deal value and was the worst quarter since 2018, GlobalData said.
“Deal activity failed to sustain 2021’s momentum through 2022 due to volatile market conditions amid geopolitical tensions and macroeconomic pressures,” the firm said in a Nov. 8 report.
U.S. oil and gas deals made up three of the top five global M&A transactions in the first three quarters of the year, including two deals involving upstream companies, according to GlobalData.
Top deals in the U.S. included the $8.1 billion merger of South Jersey Industries Inc. and Infrastructure Investments Fund, as well as two shale-related transactions by EQT Corp. and the merger of Whiting Petroleum Corp. and Oasis Petroleum Inc. to form Chord Energy Corp.
Here’s a look at how the energy market fared in the first three quarters of 2022, the top legal advisers on those deals and the top energy deals so far this year.
Quarterly breakdown by deal value, volume, size
M&A deals by sector
Top oil & gas M&A deals
Top legal advisers
Recommended Reading
Vitesse Energy to Buy Bakken Pureplay Lucero in $220MM Deal
2024-12-16 - Vitesse Energy will acquire Lucero Energy’s Bakken/Three Forks assets, including 25 net remaining locations, 1.9 net DUCs and 20 wells that are candidates for recompletions.
Viper Buys $330MM Midland Interests in Shadow of $4.5B Dropdown
2025-01-31 - Viper Energy said that in addition to a $4.45 billion dropdown by Diamondback Energy, the company would also purchase royalty acreage in Howard County, Texas, for $330 million.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
2025-02-12 - Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc
2025-01-21 - KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.