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  1. Deals Analysis
March 1, 2022

US oil & gas industry sees a drop of 36% in deal activity in January 2022

By Carmen

US oil & gas industry saw a drop of 36% in overall deal activity during January 2022, when compared with the last 12-month average, led by Enterprise Products Partners’ $3.25bn acquisition of Navitas Midstream Partners, according to GlobalData’s deals database.

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A total of 32 deals worth $8.2bn were announced in January 2022, compared with the 12-month average of 50 deals.

M&A was the leading category in the month in terms of volume with 22 deals, which accounted for 68.8% of all deals.

In second place was private equity with five deals, followed by venture financing with five transactions, respectively accounting for 15.6% and 15.6% 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 $7.75bn, while private equity and venture financing deals totalled $400m and $3.49m respectively.

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

The top five oil & gas industry deals accounted for 88.6% of the overall value during January 2022.

The combined value of the top five oil & gas deals stood at $7.23bn, against the overall value of $8.2bn recorded for the month.

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

1) Enterprise Products Partners $3.25bn acquisition deal with Navitas Midstream Partners

2) The $2.65bn acquisition of Chief E&D Holdings and Tug Hill by Chesapeake Energy

3) Enerflex $735m acquisition deal with Exterran

4) The $400m private equity deal with Clearfork Midstream by EnCap Flatrock Midstream

5) UGI Energy Services $190m acquisition with Stonehenge Appalachia

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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