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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 Carmen

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.

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.

Related Companies

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.

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