Receive our newsletter – data, insights and analysis delivered to you
  1. Deals Analysis
June 30, 2021

US oil & gas industry sees a drop of 19.57% in deal activity in May 2021

By Nikitha Ladda

US oil & gas industry saw a drop of 19.57% in overall deal activity during May 2021, when compared with the last 12-month average, led by EQT’s $2.93bn acquisition of Alta Marcellus Development and Ard Operating, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.


A total of 37 deals worth $7bn were announced in May 2021, compared with the 12-month average of 46 deals.

M&A was the leading category in the month in terms of volume with 26 deals, which accounted for 70.3% of all deals.

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager

In second place was venture financing with ten deals, followed by private equity with one transactions, respectively accounting for 27.03% and 2.7% 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 $6.85bn, followed by venture financing deals totalled $175.91m.

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

The top five oil & gas industry deals accounted for 97.5% of the overall value during May 2021.

The combined value of the top five oil & gas deals stood at $6.85bn, against the overall value of $7bn recorded for the month.

The top five oil & gas industry 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 deal with Deer Park Refining by Petroleos Mexicanos

5) Verde Bio Holdings’ $1.1m acquisition of Acquisition Of Mineral And Royalty Interest In Oil And Gas Assets In Colorado And Ohio.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy