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  1. Deals Analysis
April 7, 2021

Oil & Gas industry M&A deals total $11.14bn in US in February 2021

By Carmen

Total oil & gas industry M&A deals worth $11.14bn were announced in the US in February 2021, with Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 540.2% over the previous month of $1.74bn and a rise of 28.9% when compared with the last 12-month average of $8.64bn.

The US held a 44.94% share of the global oil & gas industry M&A deal value that totalled $24.79bn in February 2021.

In terms of M&A deal activity, the US recorded 35 deals during February 2021, marking an increase of 12.90% over the previous month and a drop of 25.53% over the 12-month average.

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

The top five oil & gas industry M&A deals accounted for 90.6% of the overall value during February 2021.

The combined value of the top five oil & gas M&A deals stood at $10.1bn, against the overall value of $11.14bn recorded for the month.

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

1) Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners

2) The $1.08bn acquisition of Emerald Kalama Chemical by Lanxess

3) Grayson Mill Energy’ $900m asset transaction with Equinor Energy.

4) The $570m asset transaction with Albemarle by W R Grace

5) CorEnergy Infrastructure Trust’s acquisition of Crimson Midstream Holdings for $350m.

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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