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  1. Deals Analysis
February 22, 2021

Oil & Gas industry M&A deals total $1.78bn in North America in January 2021

By Carmen

Total oil & gas industry M&A deals worth $1.78bn were announced in North America in January 2021, led by Enerplus’ $465m acquisition of Bruin E&P HoldCo, according to GlobalData’s deals database.

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The value marked a decrease of 83.5% over the previous month of $10.78bn and a drop of 82.1% when compared with the last 12-month average of $9.95bn.

North America held a 17.80% share of the global oil & gas industry M&A deal value that totalled $10bn in January 2021. With a 17.40% share and deals worth $1.74bn, the US was the top country in North America’s M&A deal value across oil & gas industry.

In terms of M&A deal activity, North America recorded 38 deals during January 2021, marking a decrease of 47.95% over the previous month and a drop of 34.48% over the 12-month average. The US recorded 30 deals during the month.

North America oil & gas industry M&A deals in January 2021: Top deals

The top five oil & gas industry M&A deals accounted for 85.1% of the overall value during January 2021.

The combined value of the top five oil & gas deals stood at $1.52bn, against the overall value of $1.78bn recorded for the month.

The top five oil & gas industry M&A deals of January 2021 tracked by GlobalData were:

1) Enerplus’ $465m acquisition of Bruin E&P HoldCo

2) The $420m asset transaction with Grenadier Energy Partners II by Surge Energy US Holdings

3) KCC’s $367.82m acquisition of Mom Holding

4) The $245m acquisition of Carolco Enterprises and Columbian Chemicals(Inactive) by Bellinger & Sons, ISK Investment and ThaiLimited

5) Topaz Energy’s asset transaction with for $18.84m.

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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