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
| Month | M&A | Private equity | Venture financing | Deal value |
|---|---|---|---|---|
| Feb 20 | 53 | 4 | 22 | 2,948.38 |
| Mar 20 | 33 | 5 | 17 | 1,664.11 |
| Apr 20 | 24 | 3 | 10 | 1,470.26 |
| May 20 | 33 | 4 | 22 | 2,619.56 |
| Jun 20 | 48 | 2 | 9 | 6,114.18 |
| Jul 20 | 56 | 5 | 19 | 24,335.45 |
| Aug 20 | 57 | 3 | 16 | 31,527.29 |
| Sep 20 | 43 | 8 | 25 | 7,378.02 |
| Oct 20 | 57 | 3 | 16 | 25,790.74 |
| Nov 20 | 49 | 4 | 9 | 6,774.33 |
| Dec 20 | 69 | 7 | 11 | 11,352.32 |
| Jan 21 | 31 | 7 | 17 | 2,508.89 |
| Feb 21 | 35 | 5 | 17 | 17,504.03 |
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.
