US oil & gas industry saw a rise of 18.57% in overall deal activity during April 2021, when compared with the last 12-month average, led by Pioneer Natural Resources‘ $6.2bn acquisition of DoublePoint Energy, according to GlobalData’s deals database.
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A total of 83 deals worth $10.6bn were announced in April 2021, compared with the 12-month average of 70 deals.
M&A was the leading category in the month in terms of volume with 55 deals, which accounted for 66.3% of all deals.
In second place was venture financing with 26 deals, followed by private equity with two transactions, respectively accounting for 31.3% and 2.4% 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 $10.15bn, followed by venture financing deals totalled $480.48m.
US oil & gas industry deals in April 2021: Top deals
The top five oil & gas industry deals accounted for 86.6% of the overall value during April 2021.
The combined value of the top five oil & gas deals stood at $9.2bn, against the overall value of $10.6bn recorded for the month.
The top five oil & gas industry deals of April 2021 tracked by GlobalData were:
1) Pioneer Natural Resources’ $6.2bn acquisition of DoublePoint Energy
2) The $2.15bn asset transaction with CenterPoint Energy Resources by Summit Utilities
3) Enerplus’ $312m asset transaction with Hess
4) The $275m acquisition deal with Vega Energy Partners and WGL Midstream by Six One Commodities
5) CrossAmerica Partners’ acquisition of 7-Eleven for $263m.