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  1. Deals Analysis
June 30, 2021

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

By Carmen

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.

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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.

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

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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