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  1. Deals Analysis
March 27, 2021

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

By Carmen

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.

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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.

Related Companies

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.

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