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  1. Deals Analysis
July 22, 2021

North America’s oil & gas industry saw a drop of 9.43% in deal activity during June 2021

By Nikitha Ladda

North America’s oil & gas industry saw a drop of 9.43% in deal activity during June 2021, when compared with the last 12-month average, led by Pembina Pipeline’s $12.59bn acquisition of Inter Pipeline, according to GlobalData’s deals database.

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A total of 48 oil & gas industry deals worth $23.3bn were announced for the region in June 2021, against the 12-month average of 53 deals.

Of all the deal types, M&A saw most activity in June 2021 with 36 transactions, representing a 75% share for the region.

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In second place was venture financing with 11 deals, followed by private equity deals with one transactions, respectively capturing a 22.9% and 2.1% 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 $22.33bn, while private equity and venture financing deals totalled $800m and $181.63m, respectively.

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

The top five oil & gas deals accounted for 83.1% of the overall value during June 2021.

The combined value of the top five oil & gas deals stood at $19.36bn, against the overall value of $23.3bn recorded for the month.

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

1) Pembina Pipeline’s $12.59bn acquisition of Inter Pipeline

2) The $2.7bn acquisition deal with Indigo Natural Resources by Southwestern Energy

3) EverArc Holdings’ $2bn acquisition of Perimeter Solutions

4) The $1.06bn acquisition of Crestone Peak Resources by Civitas Resources

5) Kerry Group’s acquisition of Niacet for $1.01bn.

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