Total oil & gas industry M&A deals worth $2.2bn were announced in North America in March 2022, led by Vermilion Energy’s $382.21m acquisition of Leucrotta Exploration, according to GlobalData’s deals database.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
The value marked a decrease of 41% over the previous month of $3.66bn and a drop of 67.2% when compared with the last 12-month average of $6.58bn.
North America held a 23.92% share of the global oil & gas industry M&A deal value that totalled $9.03bn in March 2022. With a 20.16% share and deals worth $1.82bn, Canada was the top country in North America’s M&A deal value across oil & gas industry.
In terms of M&A deal activity, North America recorded 30 deals during March 2022, marking an increase of 25.00% over the previous month and a drop of 16.67% over the 12-month average. The US recorded 21 deals during the month.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataNorth America oil & gas industry M&A deals in March 2022: Top deals
The top five oil & gas industry M&A deals accounted for 36.9% of the overall value during March 2022.
The combined value of the top five oil & gas deals stood at $796.64m, against the overall value of $2.2bn recorded for the month.
The top five oil & gas industry M&A deals of March 2022 tracked by GlobalData were:
1) Vermilion Energy $382.21m acquisition deal with Leucrotta Exploration
2) The $200m acquisition of Southcross Energy Operating by Targa Resources
3) Houston Natural Resources $100m acquisition deal with Cunningham Energy
4) The $68.1m acquisition of Keystone Royalty by Topaz Energy
5) Eco (Atlantic) Oil & Gas $46.33m acquisition 92.65% stake in JHI Associates
