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  1. Deals Analysis
August 29, 2021

Oil & Gas industry M&A deals total $2.1bn in US in July 2021

By Nikitha Ladda

Total oil & gas industry M&A deals worth $2.1bn were announced in the US in July 2021, with WildFire Energy I’s $650m acquisition of Hawkwood Energy being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 72.3% over the previous month of $7.66bn and a drop of 77.1% when compared with the last 12-month average of $9.24bn.

The US held a 10.83% share of the global oil & gas industry M&A deal value that totalled $19.57bn in July 2021.

In terms of M&A deal activity, the US recorded 31 deals during July 2021, marking an increase of 19.23% over the previous month and a rise of 19.23% over the 12-month average.

US oil & gas industry M&A deals in July 2021: Top deals

The top five oil & gas industry M&A deals accounted for 83.7% of the overall value during July 2021.

The combined value of the top five oil & gas M&A deals stood at $1.78bn, against the overall value of $2.1bn recorded for the month.

The top five oil & gas industry M&A deals of July 2021 tracked by GlobalData were:

1) Hawkwood Energy $650m acquisition deal with WildFire Energy I

2) The $370m acquisition of Lonestar Resources US by Penn Virginia

3) Kinetrex Energy $310m acquisition deal with Kinder Morgan

4) Pioneer Energy Services $295m acquisition deal with Patterson-UTI Energy

5) The $152m acquisition of Novomer by Danimer Scientific

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