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  1. Deals Analysis
March 27, 2021

US oil & gas industry sees a drop of 14.93% in deal activity in February 2021

By Carmen

US oil & gas industry saw a drop of 14.93% in overall deal activity during February 2021, when compared with the last 12-month average, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.

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A total of 57 deals worth $17.5bn were announced in February 2021, compared with the 12-month average of 67 deals.

M&A was the leading category in the month in terms of volume with 35 deals, which accounted for 61.4% of all deals.

In second place was venture financing with 17 deals, followed by private equity with five transactions, respectively accounting for 29.8% and 8.8% of overall deal activity in the US technology 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 $11.14bn, while private equity and venture financing deals totalled $6.2bn and $162.68m respectively.

US oil & gas industry deals in February 2021: Top deals

The top five oil & gas industry deals accounted for 87.8% of the overall value during February 2021.

The combined value of the top five oil & gas deals stood at $15.38bn, against the overall value of $17.5bn recorded for the month.

The top five oil & gas industry deals of February 2021 tracked by GlobalData were:

1) Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners

2) The $5.2bn private equity deal with Natural Gas Pipelineof America LLC by ArcLight Capital Partners

3) Lanxess’ $1.08bn acquisition of Emerald Kalama Chemical

4) The $1bn private equity deal with Flow Control Group by KKRInc

5) Grayson Mill Energy’s asset transaction with Equinor Energy for $900m.

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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