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.

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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