North America’s oil & gas industry saw a drop of 12.66% in deal activity during February 2021

North America’s oil & gas industry saw a drop of 12.66% in deal activity during February 2021, when compared with the last 12-month average, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.

 

A total of 69 oil & gas industry deals worth $22.72bn were announced for the region in February 2021, against the 12-month average of 79 deals.

Of all the deal types, M&A saw most activity in February 2021 with 47 transactions, representing a 68.1% share for the region.

In second place was venture financing with 17 deals, followed by private equity deals with five transactions, respectively capturing a 24.6% and 7.3% 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 $16.35bn, while private equity and venture financing deals totalled $6.2bn and $162.68m, respectively.

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

The top five oil & gas deals accounted for 80% of the overall value during February 2021.

The combined value of the top five oil & gas deals stood at $18.17bn, against the overall value of $22.72bn recorded for the month.

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

1) Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners

2) The $5.2bn private equity deal with Natural Gas Pipelineof America LLC by ArcLight Capital Partners

3) The $3.69bn merger of ARC Resources and Seven Generations Energy

4) The $1.08bn acquisition of Emerald Kalama Chemical by Lanxess

5) KKRInc’s private equity deal with Flow Control Group for $1bn.