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

11 May 2021 (Last Updated May 11th, 2021 19:03)

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.