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  1. Deals Analysis
May 31, 2021

US oil & gas industry sees a rise of 18.57% in deal activity in April 2021

By Carmen

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.

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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