Q4 2018 M&A REPORT

HIGHLIGHTS:

• U.S Upstream market hits $84 Billion reaching four year high
• BP takes largest deal of the year with $10.5 Billion shale buy from BHP
• Pace of corporate consolidation picks up in 4Q18 with $15B
• RSP, Energen, Newfield, WildHorse are among 2018’s notable sales
• Deals hit a December stall as oil prices see rapid fall
• $39 Billion in U.S Assets on the market with 50% on the Permian