North America’s oil & gas industry saw a drop of 13.46% in deal activity during May 2021, when compared with the last 12-month average, led by EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 45 oil & gas industry deals worth $7.3bn were announced for the region in May 2021, against the 12-month average of 52 deals.

Of all the deal types, M&A saw most activity in May 2021 with 33 transactions, representing a 73.3% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with ten deals, followed by private equity deals with two transactions, respectively capturing a 22.2% and 4.4% 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 $7.16bn, followed by venture financing deals totalled $175.91m.

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

The top five oil & gas deals accounted for 96.1% of the overall value during May 2021.

The combined value of the top five oil & gas deals stood at $7.05bn, against the overall value of $7.3bn recorded for the month.

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

1) EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating

2) The $2.1bn acquisition deal with Ferro by Prince International

3) Kinder Morgan’s $1.23bn acquisition of Stagecoach Gas Services

4) The $596m acquisition of Deer Park Refining by Petroleos Mexicanos

5) Topaz Energy’s acquisition of Tourmaline Oil for $202.49m.