Sproule ERCE Global Upstream M&A Tracker Q3 2021 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 Q3 2021.

Global M&A: At a Glance

Sproule ERCE has recorded 29 deals with a total reported deal value of approximately US$36bn since the Q2-21 edition of the M&A tracker was released.

5 deals crossed the US$1bn mark: the Woodside/BHP merger, ConocoPhillip’s purchase of Shell’s Permian assets, the Santos/Oil Search merger, Lukoil’s purchase of Petronas’ WI in the Shah Deniz gas project, and Chesapeake’s purchase of Vine Energy.

North America was the most active region in terms of the number of deals, with 9 deals recorded for a total recorded transaction value of US$13bn, with Shell’s US$10bn sale of its Permian assets accounting for most of the value.

APAC had the highest total recorded transaction value of US$19bn from 6 recorded deals, with most of the value stemming from the Woodside/BHP and Santos/Oil Search mergers.

As a result of a few high-value deals, the total reported transaction value rose to US$36bn from the US$24bn reported in the Q2-21 edition of the M&A tracker.

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