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  1. Deals Analysis
December 20, 2021updated 03 Feb 2022 1:45pm

Oil & Gas industry M&A deals total $11.6bn in North America in November 2021

By Carmen

Total oil & gas industry M&A deals worth $11.6bn were announced in North America in November 2021, led by DuPont de Nemours’ $5.2bn acquisition of Rogers, according to GlobalData’s deals database.

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The value marked a decrease of 7.1% over the previous month of $12.44bn and a rise of 54.8% when compared with the last 12-month average of $7.47bn.

North America held a 52.67% share of the global oil & gas industry M&A deal value that totalled $21.95bn in November 2021. With a 48.97% share and deals worth $10.75bn, 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 29 deals during November 2021, marking a decrease of 6.45% over the previous month and a drop of 14.71% over the 12-month average. The US recorded 24 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 93.4% of the overall value during November 2021.

The combined value of the top five oil & gas deals stood at $10.8bn, against the overall value of $11.6bn recorded for the month.

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

1) DuPont de Nemours $5.2bn acquisition deal with Rogers

2) The $2.5bn acquisition of 25.7% stake in Freeport LNG Development by JERA Americas

3) Southwestern Energy $1.85bn acquisition deal with GEP Haynesville

4) The $771.02m acquisition of Storm Resources by Canadian Natural Resources

5) Paloma Partners VI Holdings $480m acquisition deal with Goodrich Petroleum

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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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