US oil & gas industry sees a rise of 8.8% in deal activity in December 2020

18 January 2021 (Last Updated January 18th, 2021 15:08)

US oil & gas industry sees a rise of 8.8% in deal activity in December 2020

The US oil & gas industry saw a rise of 8.8% in overall deal activity during December 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 74 deals worth $11.25bn were announced in December 2020, compared to the 12-month average of 68 deals.

M&A was the leading category in the month in terms of volume with 58 deals which accounted for 78.4% of all deals.

In second place was venture financing with ten deals, followed by private equity with six transactions, respectively accounting for 13.5% and 8.1% of overall deal activity in the country’s oil & gas industry during the month.

In terms of value of deals, M&A was the leading deal category in the US oil & gas industry with total deals worth $9.87bn, while private equity and venture financing deals totalled $1.3bn and $78.99m, respectively.

US oil & gas industry deals in December 2020: Top deals

The top five oil & gas industry deals accounted for 76.6% of the overall value during December 2020.

The combined value of the top five oil & gas deals stood at $8.62bn, against the overall value of $11.25bn recorded for the month.

The top five oil & gas industry deals of December 2020 tracked by GlobalData were:

1) TC Energy’s $3.19bn acquisition of TC Pipelines

2) The $2.2bn acquisition of QEP Resources by Diamondback Energy

3) Trinseo’s $1.36bn asset transaction with Arkema

4) The $1bn private equity deal with Seacor Holdings by American Industrial Partners

5) Diamondback Energy’s asset transaction with Guidon Operating for $861.3m.

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.