Energy sector M&A is gaining significant momentum, with transaction volumes exceeding $57 billion in 2024 — more than double the pre-pandemic totals of 2019, according to JLL. This builds on a strong performance in 2023, when energy M&A deals reached $52 billion, an increase of more than 50 percent from 2022.
While the number of completed deals has decreased slightly since 2022, companies are executing higher-value transactions as energy demand spikes and increased sector volatility have created increased opportunities for the scaling and modernization of operations.
The natural gas subsector is leading this growth, accounting for nearly 60 percent of all completed deals and more than 70 percent of total transaction volume since 2022.
Consolidation likely means portfolio optimization, as companies will need to rationalize their combined real estate footprints, potentially leading to dispositions of surplus properties but also strategic investments in k
