2020.1 Upstream – Q4 2019 Oil and Gas M&A Trends and Deal Analysis | Webinar Registration
Upcoming Webinar

Q4 2019 Oil and Gas M&A Trends and Deal Analysis









Webinar Details

January 22, 2020 | 2:00 PM – 3:00 PM Central 


U.S. upstream M&A markets notched more than $96 billion in 2019, for the highest annual total since $101 billion was recorded in 2014. However, 60% of that value came from one transaction when Occidental bought out Anadarko for $57 billion in the largest deal of the decade. Backing out that mega deal, 2019 saw $39 billion transact or just one-half of the $78 billion average over the last 10 years.
Putting a damper on M&A for much of the year, was tight capital markets for E&P companies and Wall Street’s insistence that they prioritize returns over growth. That also resulted in negative reactions to deals for buyer’s stock prices. The picture picked up a bit late in the year with a number of notable deals from Thanksgiving onward, including HighPeak’s rollup of companies for $1.6 billion to create a new Midland Basin pure-play, private equity sponsored Felix Energy II selling to WPX for $2.5 billion, and Devon checking off a longstanding goal by exiting the Barnett for $770 million. The rush of deals and fairly positive reactions on Wall Street instills some confidence for additional M&A in 2020.
Some of the topics covered in this Webinar will include:
  • What type of deals and regions drove activity in 2019 and will these trends continue?
  • How are the differing outlooks of buyers and sellers coming together?
  • What pressures are pushing more small public companies and private companies to potentially sell?
  • With the “buy and flip” model of private equity largely played out, how is private capital evolving?
  • After a big 2019, what is the outlook for mineral and royalty assets?


We will also take a quick look back at the last ten years of M&A activity, which amounted to a total of $775 billion including $567 billion in shale assets changing hands.
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 2020.1 Upstream – Q4 2019 Oil and Gas M&A Trends and Deal Analysis | Webinar Registration

Andrew Dittmar

Senior Analyst

Andrew Dittmar is a Senior M&A Analyst on the Drillinginfo Market Research Team. Andrew specializes in deal analysis, research and valuations for upstream assets. He focuses largely on placing individual deals into context around broader industry trends and outlooks, and has been quoted by Reuters, CNBC, the Wall Street Journal, Houston Chronical and other media outlets. Andrew holds a BBA in Finance from Texas A&M University and a JD from The University of Texas School of Law.

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