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.
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.