View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
May 26, 2021

Oil & Gas industry M&A deals total $11bn in North America in April 2021

By Carmen

Total oil & gas industry M&A deals worth $11bn were announced in North America in April 2021, led by Pioneer Natural Resources’ $6.2bn acquisition of DoublePoint Energy, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

The value marked an increase of 108.8% over the previous month of $5.25bn and a drop of 9.4% when compared with the last 12-month average of $12.09bn.

North America held a 71.54% share of the global oil & gas industry M&A deal value that totalled $15.32bn in April 2021. With a 66.25% share and deals worth $10.15bn, 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 62 deals during April 2021, marking a decrease of 13.89% over the previous month and a rise of 3.33% over the 12-month average. The US recorded 55 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 85.4% of the overall value during April 2021.

The combined value of the top five oil & gas deals stood at $9.36bn, against the overall value of $11bn 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) Tamarack Valley Energy’s $419.61m acquisition of Anegada Oil

4) The $312m asset transaction with Hess by Enerplus

5) Six One Commodities’ acquisition of Vega Energy Partners and WGL Midstream for $275m.

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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU