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  1. Deals Analysis
February 25, 2021

North America’s oil & gas industry saw a drop of 27.16% in deal activity during January 2021

By Baghmar P

North America’s oil & gas industry saw a drop of 27.16% in deal activity during January 2021, when compared with the last 12-month average, led by Enerplus’ $465m acquisition of Bruin E&P HoldCo, according to GlobalData’s deals database.

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A total of 59 oil & gas industry deals worth $2.54bn were announced for the region in January 2021, against the 12-month average of 81 deals.

Of all the deal types, M&A saw most activity in January 2021 with 38 transactions, representing a 64.4% share for the region.

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In second place was venture financing with 14 deals, followed by private equity deals with seven transactions, respectively capturing a 23.7% and 11.9% 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 $1.78bn, while venture financing and private equity deals totalled $611.78m and $150m, respectively.

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

The top five oil & gas deals accounted for 64.8% of the overall value during January 2021.

The combined value of the top five oil & gas deals stood at $1.65bn, against the overall value of $2.54bn recorded for the month.

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

1) Enerplus’ $465m venture financing of Bruin E&P HoldCo

2) The $420m acquisition deal with Grenadier Energy Partners II by Surge Energy US Holdings

3) KCC’s $367.82m asset transaction with Mom Holding

4) The $245m acquisition of Carolco Enterprises and Columbian Chemicals(Inactive) by Bellinger & Sons, ISK Investment and ThaiLimited

5) Argo Infrastructure Partners’ acquisition of Corning Natural Gas Holding for $150m.

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