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  1. Deals Analysis
July 22, 2021

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

By Nikitha Ladda

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.

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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.

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