In the North American oil & gas industry, there were 115 M&A deals announced in Q3 2024, worth a total value of $25.4bn, according to GlobalData’s Deals Database. The $5bn acquisition of Grayson Mill Energy by Devon Energy was the industry’s largest disclosed deal. GlobalData’s Oil and Gas Industry Mergers and Acquisitions Deals report for Q3 2024 uncovers key trends behind the oil & gas market M&A deals and helps gain a comprehensive understanding of the disruptive themes driving most notable to deals. Buy the report here.
Smarter leaders trust GlobalData
In value terms, M&A activity in North America decreased by 51% in Q3 2024 compared with the previous quarter’s total of $52.1bn and fell by 50% as compared to Q3 2023. Related deal volume decreased by 10% in Q3 2024 versus the previous quarter and was 21% lower than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in North America in 9M 2024 were Royal Bank of Canada; Jefferies Financial Group; Citigroup with 14, 12, 9 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America in 9M 2024 were Kirkland & Ellis; Vinson & Elkins; Gibson, Dunn & Crutcher with 29, 19, 13 deals respectively.
For further understanding of GlobalData's Oil and Gas Industry Mergers and Acquisitions Deals by Top Themes in Q3 2024 – Strategic Intelligence, buy the report here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
