Top Story | Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity

Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls

emailEmail    |    printPrint    |    Saturday,January 04,2020

Shale Experts tracked $92.4 billion in transactions in 2019.  In Q4 2019 we saw an interesting trend where the appetite for M&A increased to the highest since 2017. 

See chart below.

Q4 2019 Deal Activity

US E&P : Corporate M&A Count

Click to enlarge

 

US E&P : Top 6 Deals in Q4 2019

Click to enlarge

 

Full Year 2019

Top 10 Deals in 2019

Click to enlarge

Permian Basin continues to dominate the deal flow with 60% of the top deals in 2019 took place in the Permian Basin. Occidental acquires Anadarko for $57 billion, followed by Callon's  $3.2 billion merger with Carrizo, then Parsley's acquistion of Jagged Peak.

Deal count falls to the lowest in years.

Another interesting observation was the deal count fell to levels not seen, (see chart below) prior to Q4 2018, deal count averaged 250-300 deals per quarter.  We now have deals count running to 50-60 per quarter.  As a result of the low deal counts, investment banks laid off scores of bankers.  Reuters reported that Jefferies cut some of its investment banks who particular worked on deals and UBS and Simmons also cut banking teams.

While the total deal value tracked was $92.4 billion, one transaction (Oxy's acquistion of Anadarko) was more than half ($57 billion), which also accounted for 61% of the total deals, however barring that deal, we would see total deal value falling to the lowest in years at $35 billion vs average of $64 billion per year.


Search Data From Devon Energy Corp Latest Presentations


February 18, 2025

February 01, 2025

November 07, 2023


Search Data From SRC Energy Inc Latest Presentations


August 20, 2019

July 18, 2019

June 05, 2019


Search Data From WPX Energy, Inc. Latest Presentations


November 03, 2020

July 30, 2020

May 06, 2020


Search Data From Occidental Petroleum Corp Latest Presentations


May 10, 2023

February 28, 2023

November 10, 2022


Search Data From Repsol S.A. Latest Presentations


September 01, 2020

May 08, 2020

March 01, 2020


Search Data From Jones Energy Inc. Latest Presentations


February 09, 2018

December 06, 2017

September 06, 2017


Search Data From Parsley Energy Inc. Latest Presentations


September 09, 2020

August 05, 2020

June 02, 2020


Search Data From Equinor Latest Presentations


December 01, 2020

November 01, 2020

September 01, 2020


Related    Water Management