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  1. Deals Analysis
June 25, 2021

North America’s oil & gas industry saw a drop of 13.46% in deal activity during May 2021

By Nikitha Ladda

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.

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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.

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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.

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