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.
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.
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.