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  1. Deals Analysis
December 20, 2021

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

By Nikitha Ladda

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.

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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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