Led by $3.55bn acquisition of Lucid Energy Group, the US oil & gas industry saw a drop of 22.69% in overall deal activity during Q2 2022, when compared with the last four-quarter average, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

A total of 115 deals worth $14.9bn were announced in Q2 2022, compared with the last four-quarter average of 148.75 deals.

M&A was the leading category in the quarter with 66 deals which accounted for 57.4% of all deals.

In second place was venture financing with 32 deals, followed by private equity with 17 transactions, respectively accounting for 27.8% and 14.8% of overall deal activity in the US oil & gas industry during the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In terms of value of deals, M&A was the leading deal category in the US oil & gas industry with total deals worth $9.75bn, while private equity and venture financing deals totalled $4.36bn and $815.26m respectively.

US oil & gas industry deals in Q2 2022: Top deals

The top five oil & gas industry deals accounted for 48.7% of the overall value during Q2 2022.

The combined value of the top five oil & gas deals stood at $7.27bn, against the overall value of $14.9bn recorded for the quarter.

The top five oil & gas industry deals of Q2 2022 tracked by GlobalData were:

1) Targa Resources $3.55bn acquisition deal with Lucid Energy Group

2) The $1.7bn private equity deal with Double Eagle Energy Holdings IV and Tumbleweed Royalty IV by Apollo Natural Resources Partners Funds ,EnCap Investments and Magnetar Capital

3) TriSummit Utilities $800m acquisition deal with Cook Inlet Natural Gas Storage Alaska,ENSTAR Natural Gas and Norstar PipelineInc

4) The $624.7m acquisition of 3Bear Delaware Holding-NM by Delek Logistics Partners

5) Crestwood Midstream Partners $600m acquisition deal with Sendero Midstream Partners