North America’s oil & gas industry saw a drop of 38.98% in deal activity during January 2022, when compared with the last 12-month average, led by Enterprise Products Partners‘ $3.25bn acquisition of Navitas Midstream Partners, according to GlobalData’s deals database.

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A total of 36 oil & gas industry deals worth $8.2bn were announced for the region in January 2022, against the 12-month average of 59 deals.

Of all the deal types, M&A saw most activity in January 2022 with 25 transactions, representing a 69.4% share for the region.

In second place was venture financing with six deals, followed by private equity deals with five transactions, respectively capturing a 16.7% and 13.9% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $7.75bn, while private equity and venture financing deals totalled $400m and $6.64m, respectively.

North America oil & gas industry deals in January 2022: Top deals

The top five oil & gas deals accounted for 88.6% of the overall value during January 2022.

The combined value of the top five oil & gas deals stood at $7.23bn, against the overall value of $8.2bn recorded for the month.

The top five oil & gas industry deals of January 2022 tracked by GlobalData were:

1) Enterprise Products Partners $3.25bn acquisition deal with Navitas Midstream Partners

2) The $2.65bn acquisition of Chief E&D Holdings and Tug Hill by Chesapeake Energy

3) Enerflex $735m acquisition deal with Exterran

4) The $400m private equity deal with Clearfork Midstream by EnCap Flatrock Midstream

5) UGI Energy Services $190m acquisition deal with Stonehenge Appalachia