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