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  1. Deals Analysis
September 27, 2021

Oil & Gas industry M&A deals total $5.7bn in North America in August 2021

By Carmen

Total oil & gas industry M&A deals worth $5.7bn were announced in North America in August 2021, led by Holly Energy Partners and HollyFrontier’s $2.56bn acquisition of Sinclair Oil & Gas and Sinclair Transportation, according to GlobalData’s deals database.

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The value marked an increase of 86.3% over the previous month of $3.06bn and a drop of 30.6% when compared with the last 12-month average of $8.21bn.

North America held a 54.23% share of the global oil & gas industry M&A deal value that totalled $10.51bn in August 2021. With a 53.09% share and deals worth $5.58bn, 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 26 deals during August 2021, marking a decrease of 42.22% over the previous month and a drop of 23.53% over the 12-month average. The US recorded 19 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 98.4% of the overall value during August 2021.

The combined value of the top five oil & gas deals stood at $5.61bn, against the overall value of $5.7bn recorded for the month.

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

1) Holly Energy Partners and HollyFrontier $2.56bn acquisition deal with Sinclair Oil & Gas and Sinclair Transportation

2) The $2.2bn acquisition of Vine Energy by Chesapeake Energy

3) Viper Energy Partners $498.43m acquisition deal with Swallowtail Royalties and Swallowtail Royalties II

4) The $268m acquisition of Alamo Pressure Pumping by NexTier Oilfield Solutions

5) Hydrofarm Holdings Group $83m acquisition deal with Greenstar Plant Products

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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