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    Home > Chemicals Industry > Chemical Technology > U.S. oil and gas mergers and acquisitions reached a record high of $122.8 billion in the third quarter

    U.S. oil and gas mergers and acquisitions reached a record high of $122.8 billion in the third quarter

    • Last Update: 2022-11-26
    • Source: Internet
    • Author: User
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    According to PricewaterhouseCoopers (PwC) quarterly report released on October 25, U.
    S.
    oil and gas M&A activity hit a new high of $122.
    8 billion in the third quarter, the highest quarterly deal value
    since the third quarter of 2014.

    Up to 82% of deal value in the third quarter was driven by large deals (at least $5 billion), including two deals in the upstream space
    .

    U.
    S.
    oil and gas data firm Drillinginfo recently surveyed U.
    S.
    upstream deals in the third quarter, and they reported a value of $32 billion, the highest since
    the fourth quarter of 2012.

    PwC found that the U.
    S.
    Owners Limited Partnership (MLP) restructuring in the midstream sector resulted in a significant transaction of $80.
    7 billion, generating a significant portion of the deal value
    in the third quarter.
    Investors are looking to midstream assets to ease operational bottlenecks related to takeout capacity, especially in areas
    like the Permian.

    Joe Dunleavey, PwC's head of U.
    S.
    energy, utilities and mining transactions, said in the quarterly report: "Large transactions and related party transactions were the focus
    of the third quarter of this year.
    But will traders be satisfied with the excitement of tax restructuring, or will they reinvigorate deal activity through strategic acquisitions and push real value to levels not seen in years? Probably both
    .

    The PwC report found that while the U.
    S.
    oil and gas industry is unlikely to see the 224 M&A deals it saw in 2017 this year (compared to 141 deals by the end of the third quarter), the total deal value of $234.
    5 billion in the first nine months of the year exceeds the value of transactions in the first nine months of each of the past 10 years
    .

    According to PricewaterhouseCoopers (PwC) quarterly report released on October 25, U.
    S.
    oil and gas M&A activity hit a new high of $122.
    8 billion in the third quarter, the highest quarterly deal value
    since the third quarter of 2014.

    petroleum

    Up to 82% of deal value in the third quarter was driven by large deals (at least $5 billion), including two deals in the upstream space
    .

    U.
    S.
    oil and gas data firm Drillinginfo recently surveyed U.
    S.
    upstream deals in the third quarter, and they reported a value of $32 billion, the highest since
    the fourth quarter of 2012.

    PwC found that the U.
    S.
    Owners Limited Partnership (MLP) restructuring in the midstream sector resulted in a significant transaction of $80.
    7 billion, generating a significant portion of the deal value
    in the third quarter.
    Investors are looking to midstream assets to ease operational bottlenecks related to takeout capacity, especially in areas
    like the Permian.

    Joe Dunleavey, PwC's head of U.
    S.
    energy, utilities and mining transactions, said in the quarterly report: "Large transactions and related party transactions were the focus
    of the third quarter of this year.
    But will traders be satisfied with the excitement of tax restructuring, or will they reinvigorate deal activity through strategic acquisitions and push real value to levels not seen in years? Probably both
    .

    The PwC report found that while the U.
    S.
    oil and gas industry is unlikely to see the 224 M&A deals it saw in 2017 this year (compared to 141 deals by the end of the third quarter), the total deal value of $234.
    5 billion in the first nine months of the year exceeds the value of transactions in the first nine months of each of the past 10 years
    .

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