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  1. Deals Analysis
May 24, 2021

North America’s oil & gas industry saw a rise of 12.20% in deal activity during April 2021

By Carmen

North America’s oil & gas industry saw a rise of 12.20% in deal activity during April 2021, when compared with the last 12-month average, led by Pioneer Natural Resources ‘ $6.2bn acquisition of DoublePoint Energy , according to GlobalData’s deals database.

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A total of 92 oil & gas industry deals worth $11.6bn were announced for the region in April 2021, against the 12-month average of 82 deals.

Of all the deal types, M&A saw most activity in April 2021 with 62 transactions, representing a 67.4% share for the region.

In second place was venture financing with 27 deals, followed by private equity deals with three transactions, respectively capturing a 29.4% and 3.3% 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 $10.96bn, while venture financing and private equity deals totalled $486.48m and $128.64m, respectively.

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

The top five oil & gas deals accounted for 80.9% of the overall value during April 2021.

The combined value of the top five oil & gas deals stood at $9.36bn, against the overall value of $11.6bn recorded for the month.

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

1) Pioneer Natural Resources ‘ $6.2bn acquisition of DoublePoint Energy

2) The $2.15bn asset transaction deal with CenterPoint Energy Resources by Summit Utilities

3) Tamarack Valley Energy ’s $419.61m acquisition of Anegada Oil

4) The $312m asset transaction with Hess by Enerplus

5) Six One Commodities’ acquisition of Vega Energy Partners and WGL Midstream for $275m.

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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