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  1. Deals Analysis
February 22, 2022

Oil & Gas industry M&A deals total $7.8bn in North America in January 2022

By Carmen

Total oil & gas industry M&A deals worth $7.8bn were announced in North America in January 2022, led by Enterprise Products Partners ‘ $3.25bn acquisition of Navitas Midstream Partners , according to GlobalData’s deals database.

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The value marked an increase of 321.2% over the previous month of $1.84bn and a rise of 1.7% when compared with the last 12-month average of $7.62bn.

North America held an 82.53% share of the global oil & gas industry M&A deal value that totalled $9.39bn in January 2022. With an 82.53% share and deals worth $7.75bn, 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 25 deals during January 2022, marking a decrease of 37.50% over the previous month and a drop of 28.57% over the 12-month average. The US recorded 22 deals during the month.

North America oil & gas industry M&A deals in January 2022: Top deals

The top five oil & gas industry M&A deals accounted for 88.1% of the overall value during January 2022.

The combined value of the top five oil & gas deals stood at $6.83bn, against the overall value of $7.8bn recorded for the month.

The top five oil & gas industry M&A deals of January 2022 tracked by GlobalData were:

1) Enterprise Products Partners $3.25bn acquisition deal with Navitas Midstream Partners

2) The $2.65bn acquisition of Chief E&D Holdings and Tug Hill by Chesapeake Energy

3) Enerflex $735m acquisition deal with Exterran

4) The $190m acquisition of Stonehenge Appalachia by UGI Energy Services

5) Eco (Atlantic) Oil & Gas $0.44m acquisition deal with JHI Associates

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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