Sproule ERCE Global Upstream M&A Tracker Q1 2022 Issue

Welcome to Sproule ERCE’s Global Upstream M&A Tracker

Sproule ERCE’s Global Upstream M&A Tracker provides an easy and detailed summary and analysis of global upstream M&A deals, both asset- and corporate-level. This edition covers upstream M&A activity over Q1 2022.

Global M&A: At a Glance

Sproule ERCE had recorded 22 deals with a total reported deal value of approximately US$15bn since the Q4-21 edition of the M&A tracker was released. The volatility in the oil price as a result of Russia’s invasion of Ukraine had put a halt to the recovery in M&A activity with transaction volumes falling by half as compared to Q4-21.

6 deals crossed the US$1bn mark: the Whiting/ Oasis merger, Chesapeake Energy’s acquisition of Chief E&D Holdings, CNOOC’s acquisition of 5% of the Búzios field from Petrobras, Seplat Energy’s acquisition of MPNU from Exxon Mobil, Ithaca’s acquisition of Siccar Point, and 3R Petroleum’s acquisition of the Potiguar cluster from Petrobras.

Read the full report for more analysis and Global Upstream M&A Metrics.