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  1. Deals Analysis
February 22, 2021

US oil & gas industry sees a drop of 25.00% in deal activity in January 2021

By Carmen

US oil & gas industry saw a drop of 25.00% in overall deal activity during January 2021, when compared with the last 12-month average, led by Enerplus’ $465m venture financing of Bruin E&P HoldCo, according to GlobalData’s deals database.

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A total of 51 deals worth $2.5bn were announced in January 2021, compared with the 12-month average of 68 deals.

M&A was the leading category in the month in terms of volume with 30 deals, which accounted for 58.8% of all deals.

In second place was venture financing with 14 deals, followed by private equity with seven transactions, respectively accounting for 27.5% and 13.7% 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 $1.74bn, while venture financing and private equity deals totalled $611.78m and $150m respectively.

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

The top five oil & gas industry deals accounted for 65.8% of the overall value during January 2021.

The combined value of the top five oil & gas deals stood at $1.65bn, against the overall value of $2.5bn recorded for the month.

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

1) Enerplus’ $465m venture financing of Bruin E&P HoldCo

2) The $420m acquisition of Grenadier Energy Partners II by Surge Energy US Holdings

3) KCC’s $367.82m asset transaction with Mom Holding

4) The $245m acquisition deal with Carolco Enterprises and Columbian Chemicals(Inactive) by Bellinger & Sons, ISK Investment and ThaiLimited

5) Argo Infrastructure Partners’ acquisition of Corning Natural Gas Holding for $150m.

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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