This study researches and observes publicly available purchase price allocation data for four sub-sectors of the energy industry: (i) exploration and production; (ii) midstream; (iii) oilfield services; and (iv) refining. This study is unlike any other in terms of energy industry specificity and depth.

The 2019 Energy Purchase Price Allocation Study provides a detailed analysis and overview of valuation and accounting trends in these sub-sectors of the energy space. This study also enables key users and preparers of financial statements to better understand the asset mix, valuation methods, and useful life trends in the energy space as they pertain to business combinations under ASC 805 and GAAP fair value standards under ASC 820. We utilized transactions that closed and reported their purchase allocation data in calendar year 2018.