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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 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.

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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.

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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.

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