US oil & gas industry sees a drop of 14.93% in deal activity in February 2021

US oil & gas industry saw a drop of 14.93% in overall deal activity during February 2021, when compared with the last 12-month average, led by Energy Transfer’s $7.2bn acquisition of Enable Midstream Partners, according to GlobalData’s deals database.US Oil & Gas industry deal activity: value and volume trend – February 2020 to February 2021M&APrivate equityVenture financingDeal valueFeb 20Mar 20Apr 20May 20Jun 20Jul 20Aug 20Sep 20Oct 20Nov 20Dec 20Jan 21Feb 21$2.95bn$2.95bn$1.66bn$1.66bn$1.47bn$1.47bn$2.62bn$2.62bn$6.11bn$6.11bn$24.34bn$24.34bn$31.53bn$31.53bn$7.38bn$7.38bn$25.79bn$25.79bn$6.77bn$6.77bn$11.35bn$11.35bn$2.51bn$2.51bn$17.5bn$17.5bnDeal period

MonthM&APrivate equityVenture financingDeal value
Feb 20534222,948.38
Mar 20335171,664.11
Apr 20243101,470.26
May 20334222,619.56
Jun 2048296,114.18
Jul 205651924,335.45
Aug 205731631,527.29
Sep 20438257,378.02
Oct 205731625,790.74
Nov 2049496,774.33
Dec 206971111,352.32
Jan 21317172,508.89
Feb 213551717,504.03

A total of 57 deals worth $17.5bn were announced in February 2021, compared with the 12-month average of 67 deals.

M&A was the leading category in the month in terms of volume with 35 deals, which accounted for 61.4% of all deals.

In second place was venture financing with 17 deals, followed by private equity with five transactions, respectively accounting for 29.8% and 8.8% 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 $11.14bn, while private equity and venture financing deals totalled $6.2bn and $162.68m respectively.

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