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  1. Deals Analysis
August 29, 2021

Oil & Gas industry M&A deals total $3bn in North America in July 2021

By Carmen

Total oil & gas industry M&A deals worth $3bn were announced in North America in July 2021, led by WildFire Energy I’s $650m acquisition of Hawkwood Energy, according to GlobalData’s deals database.

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The value marked a decrease of 69.5% over the previous month of $9.74bn and a drop of 69.5% when compared with the last 12-month average of $9.74bn.

North America held a 15.18% share of the global oil & gas industry M&A deal value that totalled $19.57bn in July 2021. With a 10.83% share and deals worth $2.12bn, 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 43 deals during July 2021, marking an increase of 10.26% over the previous month and a rise of 34.38% over the 12-month average. The US recorded 31 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 74.7% of the overall value during July 2021.

The combined value of the top five oil & gas deals stood at $2.22bn, against the overall value of $3bn recorded for the month.

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

1) Hawkwood Energy $650m acquisition deal with WildFire Energy I

2) The $591.13m acquisition of Velvet Energy by Spartan Delta

3) Lonestar Resources $370m acquisition deal with Penn Virginia

4) Kinetrex Energy $310m acquisition deal with Kinder Morgan

5) The $295m acquisition of Pioneer Energy Services by Patterson-UTI Energy.

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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