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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 Carmen

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.

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.

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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