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.

  • 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 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.

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 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