AUSTIN, TX, April 15, 2019 (GLOBE NEWSWIRE) -- Drillinginfo, the leading energy SaaS and data analytics company, released a new analysis focused on Friday’s announcement that Chevron would acquire Anadarko Petroleum Corporation for $50 billion, the sixth largest transaction in the history of oil and gas acquisitions. If finalized, the deal would break a ‘deal logjam’ given U.S. oil and gas M&A deal values plunged to a record 10-year low in the first quarter of 2019.

“Chevron stands to strengthen its already strong Upstream portfolio to extend its strength in the US shales, deepwater Gulf of Mexico and adds a strong world class LNG resource in Mozambique,” said Drillinginfo M&A Analyst Andrew Dittmar.

“From a Wall Street and investor perspective, the deal checks the boxes and is accretive on per share free cash flow, operating cash flow and earnings. On the strength of synergies, Chevron bolsters its annual share buyback target from $4 billion to $5 billion per year,” said Dittmar.

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Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo’s solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo serves over 5,000 companies globally from its Austin, Texas, headquarters and has more than 1,000 employees. For more information visit drillinginfo.com.