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  1. Deals Analysis
May 28, 2021

Oil & Gas industry M&A deals total $10.2bn in US in April 2021

By Carmen

Total oil & gas industry M&A deals worth $10.2bn were announced in the US in April 2021, with Pioneer Natural Resources’ $6.2bn acquisition of DoublePoint Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 158.9% over the previous month of $3.92bn and a rise of 4.3% when compared with the last 12-month average of $9.73bn.

The US held a 66.25% share of the global oil & gas industry M&A deal value that totalled $15.32bn in April 2021.

In terms of M&A deal activity, the US recorded 55 deals during April 2021, marking an increase of 10% over the previous month and a rise of 12.24% over the 12-month average.

US oil & gas industry M&A deals in April 2021: Top deals

The top five oil & gas industry M&A deals accounted for 90.7% of the overall value during April 2021.

The combined value of the top five oil & gas M&A deals stood at $9.2bn, against the overall value of $10.2bn recorded for the month.

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

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

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

3) Enerplus’ $312m asset transaction with Hess.

4) The $275m acquisition of Vega Energy Partners and WGL Midstream by Six One Commodities

5) CrossAmerica Partners’ acquisition of 7-Eleven for $263m.

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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