1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 7
2 Oil & Gas Industry, Deal Summary 9
2.1 Oil & Gas Industry, Deal Analysis, Q3 2009 9
2.2 Oil & Gas Industry, No. of Deals By Type, Q3 2009 11
2.3 Oil & Gas Industry, Top Deals, Q3 2009 12
3 Oil & Gas Industry, Top Deal Makers, YTD 2009 13
4 Oil & Gas Industry, Deals By Type 14
4.1 Oil & Gas Industry, Asset Transactions of Q3 2009 14
4.1.1 Top Asset Transactions Deals in Q3 2009 15
4.2 Oil & Gas Industry, M&A Deals, Q3 2009 16
4.3 Top M&A Deals in Q3 2009 17
4.4 Oil & Gas Industry, Equity Offerings, Q3 2009 18
4.4.1 Top Public Offerings in Q3 2009 19
4.4.2 Top PIPE Deals in Q3 2009 19
4.5 Oil & Gas Industry, Debt Offerings, Q3 2009 20
4.5.1 Oil & Gas Industry, Top Public Debt Offerings in Q3 2009 21
4.5.2 Oil & Gas Industry, Top Private Debt Placements in Q3 2009 21
4.6 Oil & Gas Industry, PE/VC, Q3 2009 22
4.6.1 Top Private Equity/Venture Capital Deals in Q3 2009 23
4.6.2 Oil & Gas Industry, Top Private Equity/Venture Capital Firms, Last One Year 24
4.7 Oil & Gas Industry, Partnership Deals, Q3 2009 25
4.7.1 Partnership Deals in Q3 2009 26
5 Oil & Gas Industry, M&A Financial Analysis 27
5.1 Oil and Gas, Acquisitions, Average Deal Value v/s Median Deal Value, Q3 2008 – Q3 2009 27
5.2 Oil and Gas, Acquisitions, Average P/E Of Acquired Companies, Q3 2008 – Q3 2009 28
5.3 Oil and Gas, Acquisitions, Average EV/EBITDA of Acquired Companies, Q3 2008 – Q3 2009 29
5.4 Oil and Gas, Acquisitions, Average Deal Value Per Operating Profit (DV/OP), Q3 2008 – Q3 2009 30
5.5 Oil and Gas, Acquisitions, Average Deal Value Per Share (Avg. DVPS) v/s Average Market Price Per Share (MPPS), Q3 2008 – Q3 2009 31
5.6 Oil and Gas, Acquisitions, Average Deal Value Per Share (DVPS) v/s Average Book Value Per Share (BVPS), Q3 2008 – Q3 2009 32
5.7 Oil and Gas, Acquisitions, Average Deal Value Per Sales (DV/Sales), Q3 2008 – Q3 2009 33
6 Oil & Gas, Deal Summary, By Sector 34
6.1 Upstream Oil & Gas Deals, Q3 2009 34
6.1.1 Upstream Energy – Deals of the Quarter 35
6.1.2 Upstream Oil & Gas, Global Acquisitions and Asset Purchase Deals’ Multiples, Q3 2008–Q3 2009 36
6.2 Oil & Gas, Upstream Deal Multiples, By Geography 37
6.2.1 North America Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 37
6.2.2 Europe Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 37
6.2.3 Asia-Pacific Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 37
6.2.4 Rest of the World Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 38
6.3 Midstream Oil & Gas Deals, Q3 2009 39
6.3.1 Midstream Energy – Deals of the Quarter 40
6.4 Downstream Oil & Gas Deals, Q3 2009 41
6.4.1 Downstream Energy – Deals of the Quarter 42
6.5 Oil & Gas Equipment & Services Deals, Q3 2009 43
6.5.1 Equipment and Services – Deals of the Quarter 44
7 Oil & Gas Industry, Deal Summary, By Geography 45
7.1 Oil & Gas Industry, North America Region Deals, Q3 2009 45
7.1.1 North America – Deals of the Quarter 46
7.1.2 North America Oil & Gas, Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 47
7.2 Oil & Gas Industry, Europe Region Deals, Q3 2009 48
7.2.1 Europe – Deals of the Quarter 49
7.3 Oil & Gas Industry, Asia-Pacific Region Deals, Q3 2009 50
7.3.1 Asia-Pacific – Deals of the Quarter 51
7.4 Oil & Gas Industry, Rest of the World (ROW) Deals, Q3 2009 52
7.4.1 ROW – Deals of the Quarter 53
8 Oil & Gas Industry, Top Advisors 54
8.1 Oil & Gas Industry, Top Financial Advisors, M&A, Last One Year 54
8.2 Oil & Gas Industry, Top Financial Advisors, Equity Offerings, Last One Year 55
8.3 Oil & Gas Industry, Top Financial Advisors, Debt Offerings, Last One Year 56
9 Appendix 57
10 Further Information 59
10.1 Methodology 59
10.2 About GlobalData 59
10.3 Contact Us 60
10.4 Disclosure information 60
10.5 Disclaimer 60
1.1 List of Tables
Table 1: Oil & Gas Industry, Deals Summary, Q3 2008–Q3 2009 10
Table 2: Oil & Gas Industry, No. of Deals By Type, Q3 2009 11
Table 3: Oil & Gas Industry, Top Deals, Q3 2009 12
Table 4: Oil and Gas, Top Deal Makers, Deals Summary, YTD 2009 13
Table 5: Oil & Gas Industry, Asset Transactions, Deals Summary, Q3 2008–Q3 2009 14
Table 6: Oil & Gas Industry, Top Asset Transactions, Q3 2009 15
Table 7: Oil & Gas Industry, M&A Deals, Deals Summary, Q3 2008–Q3 2009 16
Table 8: Oil & Gas Industry, Top M&A Deals, Q3 2009 17
Table 9: Oil & Gas Industry, Equity Offerings, Deals Summary, Q3 2008–Q3 2009 18
Table 10: Oil & Gas Industry, Top Public Offerings, Q3 2009 19
Table 11: Oil & Gas Industry, Top PIPE Deals, Q3 2009 19
Table 12: Oil & Gas Industry, Debt Offerings, Deals Summary, Q3 2008–Q3 2009 20
Table 13: Oil & Gas Industry, Top Public Debt Offerings, Q3 2009 21
Table 14: Oil & Gas Industry, Top Private Debt Placements, Q3 2009 21
Table 15: Oil & Gas Industry, PE/VC, Deals Summary, Q3 2008–Q3 2009 22
Table 16: Top Oil & Gas Industry, Private Equity/Venture Capital Deals, Q3 2009 23
Table 17: Oil & Gas Industry, Top Private Equity/Venture Capital Firms, Q3 2008-Q3 2009 24
Table 18: Oil & Gas Industry, Partnership Deals, Deals Summary, Q3 2008–Q3 2009 25
Table 19: Oil and Gas, Acquisitions, Average Deal Value v/s Median Deal Value, Q3 2008 – Q3 2009 27
Table 20: Oil and Gas, Acquisitions, Average P/E of Acquired Companies, Q3 2008 – Q3 2009 28
Table 21: Oil and Gas, Acquisitions, Average EV/EBITDA of Acquired Companies, Q3 2008 – Q3 2009 29
Table 22: Oil and Gas, Acquisitions, Average Deal Value Per Operating Profit, Q3 2008 – Q3 2009 30
Table 23: Oil and Gas, Acquisitions, Average Deal Value Per Share v/s Average Market Price Per Share, Q3 2008 – Q3 2009 31
Table 24: Oil and Gas, Acquisitions, Average Deal Value per Share v/s Average Book Value per Share, Q3 2008 – Q3 2009 32
Table 25: Oil and Gas, Acquisitions, Average Deal Value Per Sales, Q3 2008 – Q3 2009 33
Table 26: Upstream Oil & Gas Industry, Deals Summary, Q3 2008–Q3 2009 35
Table 27: Upstream Oil & Gas, Global Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 36
Table 28: North America Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 37
Table 29: Europe Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 37
Table 30: Asia-Pacific Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 37
Table 31: Rest of the World Oil & Gas, Upstream Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 38
Table 32: Midstream Oil & Gas Industry, Deals Summary, Q3 2008–Q3 2009 40
Table 33: Downstream Oil & Gas Industry, Deals Summary, Q3 2008–Q3 2009 42
Table 34: Oil & Gas Equipment & Services Industry, Deals Summary, Q3 2008–Q3 2009 44
Table 35: Oil & Gas Industry, North America Region Deals, Deals Summary, Q3 2008–Q3 2009 46
Table 36: North America Oil & Gas, Acquisitions and Asset Transactions’ Multiples, Q3 2008–Q3 2009 47
Table 37: Oil & Gas Industry, European Region Deals, Deals Summary, Q3 2008–Q3 2009 49
Table 38: Oil & Gas Industry, Asia-Pacific Region Deals, Deals Summary, Q3 2008–Q3 2009 51
Table 39: Oil & Gas Industry, Rest of the World Deals, Deals Summary, Q3 2008–Q3 2009 53
Table 40: Oil & Gas Industry, Top Financial Advisors, M&A, Q3 2008-Q3 2009 54
Table 41: Oil & Gas Industry, Top Financial Advisors, Equity Offerings, Q3 2008-Q3 2009 55
Table 42: Oil & Gas Industry, Top Financial Advisors, Debt Offerings, Q3 2008-Q3 2009 56
Table 43: Oil & Gas Industry, Deals’ Key Financials, Majority Acquisitions, Q3 2008-Q3 2009 57
1.2 List of Figures
Figure 1: Oil & Gas Industry, Deal Value and No. of Deals, Q3 2008–Q3 2009 9
Figure 2: Oil & Gas Industry, Deal Volume By Type, Q3 2009 11
Figure 3: Oil & Gas Industry, Asset Transactions, Deal Value and No. of Deals, Q3 2008–Q3 2009 14
Figure 4: Oil & Gas Industry, M&A Deals, Deal Value and No. of Deals, Q3 2008–Q3 2009 16
Figure 5: Oil & Gas Industry, Equity Offerings, Deal Value and No. of Deals, Q3 2008–Q3 2009 18
Figure 6: Oil & Gas Industry, Debt Offerings, Deal Value and No. of Deals, Q3 2008–Q3 2009 20
Figure 7: Oil & Gas Industry, PE/VC, Deal Value and No. of Deals, Q3 2008–Q3 2009 22
Figure 8: Oil & Gas, Private Equity/Venture Capital Firms, Deal Value and No. of Deals, Q3 2008-Q3 2009 24
Figure 9: Oil & Gas Industry, Partnership Deals, Q3 2008–Q3 2009 25
Figure 10: Oil and Gas, Acquisitions, Average Deal Value v/s Median Deal Value, Q3 2008 – Q3 2009 27
Figure 11: Oil and Gas, Acquisitions, Average P/E of Acquired Companies, Q3 2008 – Q3 2009 28
Figure 12: Oil and Gas, Acquisitions, Average EV/EBITDA of Acquired Companies, Q3 2008 – Q3 2009 29
Figure 13: Oil and Gas, Acquisitions, Average Deal Value Per Operating Profit, Q3 2008 – Q3 2009 30
Figure 14: Oil and Gas, Acquisitions, Average Deal Value Per Share (DVPS) v/s Average Market Price Per Share (Avg. MPPS), Q3 2008 – Q3 2009 31
Figure 15: Oil and Gas, Acquisitions, Average Deal Value Per Share v/s Average Book Value Per Share, Q3 2008 – Q3 2009 32
Figure 16: Oil and Gas, Acquisitions, Average Deal Value Per Sales, Q3 2008 – Q3 2009 33
Figure 17: Upstream Oil & Gas Industry, Deal Value and No. of Deals, Q3 2008–Q3 2009 34
Figure 18: Upstream Oil & Gas, Global Acquisitions and Asset Purchase Deals’ Multiples, Q3 2008–Q3 2009 36
Figure 19: Midstream Oil & Gas Industry, Deal Value and No. of Deals, Q3 2008–Q3 2009 39
Figure 20: Downstream Oil & Gas Industry, Deal Value and No. of Deals, Q3 2008–Q3 2009 41
Figure 21: Oil & Gas Equipment & Services Industry, Deal Value and No. of Deals, Q3 2008–Q3 2009 43
Figure 22: Oil & Gas Industry, North America Region Deals, Deal Value and No. of Deals, Q3 2008–Q3 2009 45
Figure 23: North America Oil & Gas, Acquisitions and Asset Transactions’ Multiples, April 2009–September 2009 47
Figure 24: Oil & Gas Industry, European Region Deals, Deal Value and No. of Deals, Q3 2008–Q3 2009 48
Figure 25: Oil & Gas Industry, Asia-Pacific Region Deals, Deal Value and No. of Deals, Q3 2008–Q3 2009 50
Figure 26: Oil & Gas Industry, Rest of the World Deals, Deal Value and No. of Deals, Q3 2008–Q3 2009 52
Figure 27: Oil & Gas Industry, Top Financial Advisors, M&A, Q4 2008-Q3 2009 54
Figure 28: Oil & Gas Industry, Top Financial Advisors, Equity Offerings, Q3 2008-Q3 2009 55
Figure 29: Oil & Gas Industry, Top Financial Advisors, Debt Offerings, Q3 2008-Q3 2009 56