North America’s oil & gas industry top deal activity in August 2021
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North America’s oil & gas industry saw a drop of 21.43% in deal activity during August 2021

22 Sep 2021

North America’s oil & gas industry saw a drop of 21.43% in deal activity during August 2021, when compared with the last 12-month average, led by Holly Energy Partners and HollyFrontier’s $2.56bn acquisition of Sinclair Oil & Gas and Sinclair Transportation, according to GlobalData’s deals database.

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A total of 44 oil & gas industry deals worth $6.2bn were announced for the region in August 2021, against the 12-month average of 56 deals.

Of all the deal types, M&A saw most activity in August 2021 with 26 transactions, representing a 59.1% share for the region.

In second place was venture financing with 14 deals, followed by private equity deals with four transactions, respectively capturing a 31.8% and 9.1% 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 $5.7bn, while private equity and venture financing deals totalled $500m and $31.73m, respectively.

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

The top five oil & gas deals accounted for 96.7% of the overall value during August 2021.

The combined value of the top five oil & gas deals stood at $6.02bn, against the overall value of $6.2bn recorded for the month.

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

1) Holly Energy Partners and HollyFrontier $2.56bn acquisition deal with Sinclair Oil & Gas and Sinclair Transportation

2) The $2.2bn acquisition of Vine Energy by Chesapeake Energy

3) Kayne Anderson Capital Advisors,Kayne Anderson Energy Fund VIII and Kayne Private Energy Income Fund $500m private equity deal with Black Knight Energy

4) The $498.43m acquisition of Swallowtail Royalties and Swallowtail Royalties II by Viper Energy Partners

5) NexTier Oilfield Solutions $268m acquisition deal with Alamo Pressure Pumping

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.