Total oil & gas industry M&A deals worth $15.3bn were announced globally 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 a decrease of 9.3% over the previous month of $16.89bn and a drop of 36.8% when compared with the last 12-month average, which stood at $24.22bn.
Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $10.96bn. At the country level, the US topped the list in terms of deal value at $10.15bn.
In terms of volumes, North America emerged as the top region for oil & gas industry M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in April 2021 was the US with 55 deals, followed by the UK with ten and Norway with eight.
In 2021, as of April, oil & gas M&A deals worth $77.78bn were announced globally, marking an increase of 150.3% year on year.
oil & gas industry M&A deals in April 2021: Top deals
The top five M&A deals accounted for 69.5% of the overall value during April 2021.
The combined value of the top five oil & gas M&A deals stood at $10.65bn, against the overall value of $15.3bn 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 deal with DoublePoint Energy
2) The $2.15bn asset transaction of CenterPoint Energy Resources by Summit Utilities
3) Mubadala Petroleum $1.1bn asset transaction deal with Delek DrillingPartnership
4) The $600m acquisition of Puma Energy Holdings by Trafigura
5) Sonangol EP $600m asset transaction deal with Puma Energy Holdings
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.