Oil & Gas
There were 69 transactions in the North American Oil & Gas sector in Q2 2015, totaling C$22.7 billion. This is a 21% increase in number of deals and a 190% increase in deal value compared to Q1 2015.
Several notable transactions this quarter helped drive up deal value, including the C$3.3 billion sale of Heritage Royalty Ltd. Partnership, US$2.68 billion sale of 50% of Bakken Midstream Assets and $2.15 billion sale of EFS Midstream.
Compared to Q2 2014, there was a 40% decrease in number of deals and a 45% decrease in deal value. The first half year (H1) 2015 saw a total decrease of 43% in deal volume and a 51% decrease in deal value compared to H1 2014.
Transaction scope includes explorers, producers, service companies and refineries.
Metals & Mining
There were 33 transactions in the North American Metals & Mining sector in Q2 2015, totaling C$1.5 billion. This is a 45% decrease in number of deals and a 70% decrease in deal value compared to Q1 2015.
Compared to Q2 2014, there was a 57% decrease in number of deals and 81% decrease in deal value. H1 2015 saw a total decrease of 38% in deal volume and 44% decrease in deal value compared to H1 2014.
Calculations include property, land and lease acquisitions, joint ventures and minority and majority shareholdings that disclosed a transaction value and were announced within the time frame. Arm’s length and cancelled transactions were excluded. Exchange rates based on historical figures.
Source: Capital IQ
Posted by Olga Ivleva, Senior Associate, Range Advisors
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