Oil & Gas industry M&A deals total $16.35bn in North America in February 2021

31 March 2021 (Last Updated March 31st, 2021 18:58)

Total oil & gas industry M&A deals worth $16.35bn were announced in North America in February 2021, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.

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The value marked an increase of 803.3% over the previous month of $1.81bn and a rise of 68.7% when compared with the last 12-month average of $9.69bn.

North America held a 65.95% share of the global oil & gas industry M&A deal value that totalled $24.79bn in February 2021. With a 44.94% share and deals worth $11.14bn, 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 47 deals during February 2021, marking an increase of 20.51% over the previous month and a drop of 17.54% over the 12-month average. The US recorded 35 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 83.02% of the overall value during February 2021.

The combined value of the top five oil & gas deals stood at $13.58bn, against the overall value of $16.35bn recorded for the month.

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

1) Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners

2) The $3.69bn merger with ARC Resources and Seven Generations Energy

3) Lanxess’ $1.08bn acquisition of Emerald Kalama Chemical

4) The $900m asset transaction with Equinor Energy by Grayson Mill Energy

5) Crescent Point Energy’s asset transaction with Shell Canada Energy for $707m.