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.

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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.