Global Upstream M&A Monthly ReportNovember-2020
Global Upstream Data
An indispensable business development tool for upstream oil & gas sector practitioners to track and analyse global M&A deal activity and trends
Latest Deals
Recent Data (TTM)
Data on M&A deal count and values presented in these charts is based on announced and closed transactions over a trailing twelve month (TTM) period, but excludes proposed, rumoured and aborted transactions, license / acreage awards, and equity commitment deals. US Dollar values reported are based on the prevailing exchange rate as of the announcement date of each M&A transaction.
Coverage includes asset farm-ins / farm-outs, JV / strategic partnerships, acreage / lease transactions, mineral / royalty interest acquisitions, corporate takeovers, mergers, minority stake acquisitions, restructurings and spin-offs.
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US Deals
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United States
A comprehensive database of industry corporates, investment funds, private investors, lenders, and financial / legal / technical advisors active in the upstream oil & gas sector
Top M&A Advisors (TTM)
| Rank | Advisor | Top Clients | Total (US$ MM) | Sell-Side (US$ MM) |
|---|---|---|---|---|
| 1 | Goldman Sachs | Husky Energy | $40,454.5 5 Deals | $17,989.8 1 Deal |
| 2 | JPMorgan Chase | Concho Resources | $39,292.3 5 Deals | $26,871.3 3 Deals |
| 3 | Credit Suisse | Concho Resources | $34,324.9 4 Deals | $21,343.6 3 Deals |
| 4 | RBC | Cenovus Energy | $19,135.4 5 Deals | $959.8 3 Deals |
| 5 | TD Bank | Cenovus Energy | $18,809.5 3 Deals | $819.8 2 Deals |
| 6 | CIBC | Husky Energy | $17,989.8 1 Deal | $17,989.8 1 Deal |
| 7 | Citigroup | WPX Energy | $12,862.1 2 Deals | $11,880.0 1 Deal |
| 8 | Wells Fargo | Parsley Energy | $7,812.5 2 Deals | $7,626.6 1 Deal |
| 9 | Morgan Stanley | Pioneer Natural Resources | $7,626.6 1 Deal | - 0 Deals |
| 10 | Barclays | Montage Resources | $1,697.2 3 Deals | $1,557.2 2 Deals |
Rank
1
Total
(US$ MM)
$40,454.5
5 Deals
Sell Side
(US$ MM)
$17,989.8
1 Deal
Advisor
Goldman Sachs
Top Clients
Husky Energy
Rank
2
Total
(US$ MM)
$39,292.3
5 Deals
Sell Side
(US$ MM)
$26,871.3
3 Deals
Advisor
JPMorgan Chase
Top Clients
Concho Resources
Rank
3
Total
(US$ MM)
$34,324.9
4 Deals
Sell Side
(US$ MM)
$21,343.6
3 Deals
Advisor
Credit Suisse
Top Clients
Concho Resources
Rank
4
Total
(US$ MM)
$19,135.4
5 Deals
Sell Side
(US$ MM)
$959.8
3 Deals
Advisor
RBC
Top Clients
Cenovus Energy
Rank
5
Total
(US$ MM)
$18,809.5
3 Deals
Sell Side
(US$ MM)
$819.8
2 Deals
Advisor
TD Bank
Top Clients
Cenovus Energy
Rank
6
Total
(US$ MM)
$17,989.8
1 Deal
Sell Side
(US$ MM)
$17,989.8
1 Deal
Advisor
CIBC
Top Clients
Husky Energy
Rank
7
Total
(US$ MM)
$12,862.1
2 Deals
Sell Side
(US$ MM)
$11,880.0
1 Deal
Advisor
Citigroup
Top Clients
WPX Energy
Rank
8
Total
(US$ MM)
$7,812.5
2 Deals
Sell Side
(US$ MM)
$7,626.6
1 Deal
Advisor
Wells Fargo
Top Clients
Parsley Energy
Rank
9
Total
(US$ MM)
$7,626.6
1 Deal
Sell Side
(US$ MM)
-
0 Deals
Advisor
Morgan Stanley
Top Clients
Pioneer Natural Resources
Rank
10
Total
(US$ MM)
$1,697.2
3 Deals
Sell Side
(US$ MM)
$1,557.2
2 Deals
Advisor
Barclays
Top Clients
Montage Resources
Top M&A Buyers (TTM)
Data on top M&A advisors is based on closed M&A transactions over a trailing twelve month (TTM) period, and excludes announced deals which have not yet closed. Rankings presented are based on publicly available information as reported either by the companies advised, or by the advisor themselves, and as such, there may be other transaction for which an advisor has not been credited in these tables as the information was not publicly disclosed at the time of reporting. Data on top M&A buyers is based on closed transactions, and excludes announced deals which have not yet closed. US Dollar values reported are based on the prevailing exchange rate as of the announcement date of each M&A transaction.
| Rank | Company | Deal Value (US$ MM) | Deals # | |
|---|---|---|---|---|
| 1 | INT | Cenovus Energy | $17,989.8 | 1 |
| 2 | IOC | ConocoPhillips | $13,723.1 | 3 |
| 3 | SUP | Chevron | $12,981.3 | 3 |
| 4 | IOC | Devon Energy | $11,880.0 | 1 |
| 5 | IOC | Pioneer Natural Resources | $7,626.6 | 1 |
| 6 | GOV | Government (Russia) | $3,940.2 | 1 |
| 7 | IOC | Diamondback Energy | $3,015.3 | 2 |
| 8 | INT | Equinor | $984.7 | 4 |
| 9 | IOC | Southwestern Energy | $982.2 | 1 |
| 10 | N/A | Carl C Icahn | $963.3 | 1 |
Rank
1
Deal Value
(US$ MM)
$17,989.8
Deals #
1
Company
Cenovus Energy
Rank
2
Deal Value
(US$ MM)
$13,723.1
Deals #
3
Company
ConocoPhillips
Rank
3
Deal Value
(US$ MM)
$12,981.3
Deals #
3
Company
Chevron
Rank
4
Deal Value
(US$ MM)
$11,880.0
Deals #
1
Company
Devon Energy
Rank
5
Deal Value
(US$ MM)
$7,626.6
Deals #
1
Company
Pioneer Natural Resources
Rank
6
Deal Value
(US$ MM)
$3,940.2
Deals #
1
Company
Government (Russia)
Rank
7
Deal Value
(US$ MM)
$3,015.3
Deals #
2
Company
Diamondback Energy
Rank
8
Deal Value
(US$ MM)
$984.7
Deals #
4
Company
Equinor
Rank
9
Deal Value
(US$ MM)
$982.2
Deals #
1
Company
Southwestern Energy
Rank
10
Deal Value
(US$ MM)
$963.3
Deals #
1
Company
Carl C Icahn
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