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.

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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.