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  1. Deals Analysis
June 29, 2021

Oil & Gas industry M&A deals total $7.2bn in North America in May 2021

By Nikitha Ladda

Total oil & gas industry M&A deals worth $7.2bn were announced in North America in May 2021, led by EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating, according to GlobalData’s deals database.

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The value marked a decrease of 12.9% over the previous month of $8.22bn and a drop of 23.7% when compared with the last 12-month average of $9.38bn.

North America held a 69.25% share of the global oil & gas industry M&A deal value that totalled $10.34bn in May 2021. With a 66.25% share and deals worth $6.85bn, 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 33 deals during May 2021, marking a decrease of 21.43% over the previous month and a rise of 17.86% over the 12-month average. The US recorded 26 deals during the month.

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

The top five oil & gas industry M&A deals accounted for 98.5% of the overall value during May 2021.

The combined value of the top five oil & gas deals stood at $7.05bn, against the overall value of $7.2bn recorded for the month.

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

1) EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating

2) The $2.1bn acquisition of Ferro by Prince International

3) Kinder Morgan’s $1.23bn acquisition of Stagecoach Gas Services

4) The $596m acquisition of Deer Park Refining by Petroleos Mexicanos

5) Topaz Energy’s acquisition of Tourmaline Oil for $202.49m.

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