North America’s oil & gas industry saw a drop of 8.7% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 231 deals worth $53.82bn were announced for the region during Q4 2020, against the last four-quarter average of 253 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 181, representing a 78.4% share for the region.
In second place was venture financing with 36 deals, followed by private equity deals with 14 transactions, respectively capturing a 15.6% and 6.1% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $46.33bn, while private equity and venture financing deals totalled $7.31bn and $181.09m, respectively.
North America oil & gas industry deals in Q4 2020: Top deals
The top five oil & gas deals accounted for 64.2% of the overall value during Q4 2020.
The combined value of the top five oil & gas deals stood at $34.57bn, against the overall value of $53.82bn recorded for the quarter.
The top five oil & gas industry deals of Q4 2020 tracked by GlobalData were:
1) ConocoPhillips’ $13.34bn acquisition of Concho Resources
2) The $7.77bn merger of Cenovus Energy and Husky Energy
3) Pioneer Natural Resources’ $7.6bn acquisition of Parsley Energy
4) The $3.19bn acquisition of TC Pipelines by TC Energy
5) Riverstone Holdings‘ private equity deal with International-Matex Tank Terminals for $2.67bn.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.