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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 Baghmar P

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.

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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.

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