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  1. Deals Analysis
May 11, 2021

North America’s oil & gas industry saw a drop of 8.98% in deal activity in Q1 2021

By Carmen

Led by $9.51bn acquisition of 80.35% stake in Inter Pipeline, North America’s oil & gas industry saw a drop of 8.98% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 228 deals worth $42.83bn were announced for the region during Q1 2021, against the last four-quarter average of 250.50 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 157 deals, representing a 68.9% share for the region.

In second place was venture financing with 55 deals, followed by private equity deals with 16 transactions, respectively capturing a 24.1% and 7.02% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s oil & gas industry with $33.89bn, while private equity and venture financing deals totalled $8.02bn and $917.92m, respectively.

North America oil & gas industry deals in Q1 2021: Top deals

The top five oil & gas deals accounted for a 62.9% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $26.92bn, against the overall value of $42.83bn recorded for the quarter.

The top five oil & gas industry deals of Q1 2021 tracked by GlobalData were:

1) Brookfield Infrastructure Partners’ $9.51bn acquisition of 80.35% stake in Inter Pipeline

2) The $7.2bn acquisition of Enable Midstream Partners by Energy Transfer

3) ArcLight Capital Partners’ $5.2bn private equity deal for 25% stake with Natural Gas Pipelineof America LLC

4) The $3.69bn merger deal with ARC Resources and Seven Generations Energy

5) Chevron’s acquisition of 37.5% stake in Noble Midstream Partners for $1.32bn.

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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