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  1. Deals Analysis
March 31, 2021

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

By Carmen

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.

Related Companies

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.

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