Total oil & gas industry deals worth $26.7bn were announced globally for June 2021, with the $12.59bn acquisition of Inter Pipeline being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 132.8% over the previous month of $11.45bn and a rise of 34.6% when compared with the last 12-month average of $19.8bn.
In terms of number of deals, the sector saw a flat growth with 106 deals in June 2021 when compared to the last 12-month average of 106 deals.
In value terms, North America led the activity with deals worth $23.31bn in June 2021.
Oil & Gas industry deals in June 2021: Top deals
The top five deals accounted for 72.7% of the overall value during June 2021.
The combined value of the top five deals stood at $19.36bn, against the overall value of $26.7bn 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 of Indigo Natural Resources by Southwestern Energy
3) EverArc Holdings’ $2bn acquisition of Perimeter Solutions
4) The $1.06bn acquisition deal of Crestone Peak Resources by Civitas Resources
5) Kerry Group’s acquisition deal with 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.