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.
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By GlobalDataIn 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.
