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.
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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.