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  1. Deals Analysis
November 30, 2021

Oil & Gas industry M&A deals total $12.4bn in North America in October 2021

By Baghmar P

Total oil & gas industry M&A deals worth $12.4bn were announced in North America in October 2021, led by Ecolab’s $3.7bn acquisition of Purolite, according to GlobalData’s deals database.

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The value marked an increase of 62.4% over the previous month of $7.66bn and a rise of 49.5% when compared with the last 12-month average of $8.32bn.

North America held a 77.17% share of the global oil & gas industry M&A deal value that totalled $16.12bn in October 2021. With a 75.93% share and deals worth $12.24bn, 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 30 deals during October 2021, marking an increase of 3.45% over the previous month and a drop of 14.29% over the 12-month average. The US recorded 25 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 93.7% of the overall value during October 2021.

The combined value of the top five oil & gas deals stood at $11.65bn, against the overall value of $12.4bn recorded for the month.

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

1) Ecolab $3.7bn acquisition deal with Purolite

2) The $3.4bn acquisition of 29.8% stake in Phillips 66 Partners by Phillips 66

3) Southwest Gas Holding $1.98bn acquisition deal with Dominion Energy Questar Pipeline

4) The $1.8bn acquisition of Oasis Midstream Partners by Crestwood Equity Partners

5) World Fuel Services $775m acquisition deal with Flyers Energy

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