Oil & Gas industry M&A deals activity in North America in June 2021
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Oil & Gas industry M&A deals total $22.3bn in North America in June 2021

21 Jul 2021

Total oil & gas industry M&A deals worth $22.3bn were announced in North America in June 2021, led by Pembina Pipeline’s $12.59bn acquisition of Inter Pipeline, according to GlobalData’s deals database.

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The value marked an increase of 203.4% over the previous month of $7.36bn and a rise of 126.9% when compared with the last 12-month average of $9.84bn.

North America held a 90.26% share of the global oil & gas industry M&A deal value that totalled $24.74bn in June 2021. With a 59.30% share and deals worth $14.67bn, Canada 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 36 deals during June 2021, marking an increase of 2.86% over the previous month and a rise of 20.00% over the 12-month average. The US recorded 22 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 86.7% of the overall value during June 2021.

The combined value of the top five oil & gas deals stood at $19.36bn, against the overall value of $22.3bn recorded for the month.

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

1) Pembina Pipeline’s $12.59bn acquisition of Inter Pipeline

2) The $2.7bn acquisition of Indigo Natural Resources by Southwestern Energy

3) EverArc Holdings’ $2bn acquisition of Perimeter Solutions

4) The $1.06bn acquisition of Crestone Peak Resources by Civitas Resources

5) Kerry Group’s acquisition of Niacet for $1.01bn.

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.