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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 Baghmar P

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.

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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.

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