North America’s oil & gas industry top deal activity in July 2021
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North America’s oil & gas industry saw a drop of 1.82% in deal activity during July 2021

30 Aug 2021

North America’s oil & gas industry saw a drop of 1.82% in deal activity during July 2021, when compared with the last 12-month average, led by WildFire Energy I’s $650m acquisition of Hawkwood Energy, according to GlobalData’s deals database.

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A total of 54 oil & gas industry deals worth $4bn were announced for the region in July 2021, against the 12-month average of 55 deals.

Of all the deal types, M&A saw most activity in July 2021 with 43 transactions, representing a 79.6% share for the region.

In second place was venture financing with eight deals, followed by private equity deals with three transactions, respectively capturing a 14.8% and 5.6% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $2.97bn, while private equity and venture financing deals totalled $572m and $461.31m, respectively.

North America oil & gas industry deals in July 2021: Top deals

The top five oil & gas deals accounted for 61.03% of the overall value during July 2021.

The combined value of the top five oil & gas deals stood at $2.44bn, against the overall value of $4bn recorded for the month.

The top five oil & gas industry deals of July 2021 tracked by GlobalData were:

1) Hawkwood Energy $650m acquisition deal with WildFire Energy I

2) The $591.13m acquisition of Velvet Energy by Spartan Delta

3) Pivot Bio $430m venture financing deal with Breakthrough Energy Ventures,Bunge Ventures,Continental Grain,DCVC Management Co,G2VP,Generation Investment Management,Pavilion Capital,Prelude Ventures,Rockefeller Capital Management,Roger Underwood,Tekfen Ventures and Temasek Holdings (Private)

4) Kraken Resources II $400m private equity deal with Kayne Anderson Capital Advisors

5) The $370m acquisition of Lonestar Resources US by Penn Virginia

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.