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  1. Deals Analysis
April 21, 2022

US oil & gas industry sees a drop of 26% in deal activity in March 2022

By Nikitha Ladda

US oil & gas industry saw a drop of 26% in overall deal activity during March 2022, when compared with the last 12-month average, led by EnCap Investments ‘ $1.45bn private equity deal with EP Energy , according to GlobalData’s deals database.

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A total of 37 deals worth $2bn were announced in March 2022, compared with the 12-month average of 50 deals.

M&A was the leading category in the month in terms of volume with 21 deals, which accounted for 56.8% of all deals.

In second place was venture financing with 14 deals, followed by private equity with two transactions, respectively accounting for 37.8% and 5.4% of overall deal activity in the US technology industry during the month.

In terms of value of deals, private equity was the leading deal category in the US oil & gas industry with total deals worth $1.45bn, while M&A and venture financing deals totalled $335.8m and $191.88m respectively.

US oil & gas industry deals in March 2022: Top deals

The top five oil & gas industry deals accounted for 92.03% of the overall value during March 2022.

The combined value of the top five oil & gas deals stood at $1.82bn, against the overall value of $2bn recorded for the month.

The top five oil & gas industry deals of March 2022 tracked by GlobalData were:

1) EnCap Investments $1.45bn private equity deal with EP Energy

2) The $200m acquisition of Southcross Energy Operating by Targa Resources

3) Houston Natural Resources $100m acquisition deal with Cunningham Energy

4) The $55m venture financing of Encina Development Group by Imm Investment and SW Recycle Fund

5) Italgas $15m acquisition deal with Picarro

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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