Analysis of the key themes driving M&A activity reveals that shale accounted for 23 oil & gas deals announced in Q3 2024, worth a total value of $11.1bn. 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.
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In value terms, shale-related deal activity decreased by 62% in Q3 2024 compared with the previous quarter’s total of $29.1bn and rose by 11% as compared to Q3 2023. Related deal volume increased by 15% in Q3 2024 versus the previous quarter and was 44% lower than in Q3 2023.
The top-ranked financial advisors supporting these M&A deals in 9M 2024 were Royal Bank of Canada; Evercore; Citigroup with 6, 5, 4 deals respectively.
The top-ranked legal advisors supporting these M&A deals in 9M 2024 were Kirkland & Ellis; Vinson & Elkins; Wachtell, Lipton, Rosen & Katz with 9, 6, 5 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.
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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.
