US oil & gas industry deal activity unplugged
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US oil & gas industry sees a drop of 26.09% in deal activity in June 2021

22 Jul 2021

US oil & gas industry sees a drop of 26.09% in  deal activity in June 2021

US oil & gas industry saw a drop of 26.09% in overall deal activity during June 2021, when compared with the last 12-month average, led by Southwestern Energy’s $2.7bn acquisition of Indigo Natural Resources, according to GlobalData’s deals database.

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A total of 34 deals worth $8.6bn were announced in June 2021, compared with the 12-month average of 46 deals.

M&A was the leading category in the month in terms of volume with 22 deals, which accounted for 64.7% of all deals.

In second place was venture financing with 11 deals, followed by private equity with one transactions, respectively accounting for 32.4% and 2.9% 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 $7.66bn, while private equity and venture financing deals totalled $800m and $181.63m, respectively.

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

The top five oil & gas industry deals accounted for 87.6% of the overall value during June 2021.

The combined value of the top five oil & gas deals stood at $7.57bn, against the overall value of $8.6bn recorded for the month.

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

1) Southwestern Energy’s $2.7bn acquisition of Indigo Natural Resources

2) The $2bn acquisition of Perimeter Solutions by EverArc Holdings

3) Civitas Resources’ $1.06bn acquisition of Crestone Peak Resources

4) The $1.01bn acquisition deal with Niacet by Kerry Group

5) One Rock Capital Partners’ private equity with Eastman Chemical for $800m.

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.