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Oil & Gas Deal Value Falls 88% In 1Q21 To $3 4B

Oil & Gas Deal Value Falls 88% In 1Q21 To $3.4B Despite decline, Pioneer’s historic DoublePoint buy has Q2 off to a strong start Enverus, the leading energy SaaS and data analytics company, has released its summary of 1Q21 U.S. upstream M&A activity. The report shows $3.4B in deal value was transacted during the quarter an 88% decline from 4Q20. This is the third year in a row U.S. activity has started slow. Deals rallied in 2019 and 2020, and in 2Q21, activity has picked up with Pioneer Natural Resources’ $6.4B buyout of privately held DoublePoint Energy. Q1 deal activity largely focused on production-heavy assets in legacy oil plays. Combined, the Bakken and Eagle Ford accounted for two-thirds of total deal value despite having only three significant deals across the two plays (two in the Bakken and one in the Eagle Ford). A strong rally in crude oil prices improving cash flow from these more developed areas likely helped spur the additional buyer interest.

U S oil exploration and production deals jump to $3 4-billion in first quarter as shale consolidates

U S oil exploration and production deals jump to $3 4-billion in first quarter as shale consolidates
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M&A In U S Oil And Gas To Hit $3 4 Billion In Q1 2021

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Oil & Gas Deal Value Falls 88% in 1Q21 to $3 4 Billion

Share this article Share this article AUSTIN, Texas, April 8, 2021 /PRNewswire/ Enverus, the leading energy SaaS company, has released its summary of 1Q21 U.S. upstream M&A activity. The report shows $3.4 billion in deal value was transacted an 88% decline from 4Q20. This is the third year in a row U.S. activity has started slow. Q1 deal activity largely focused on production-heavy assets in legacy oil plays. Combined, the Bakken and Eagle Ford accounted for two-thirds of deal value. A strong rally in crude oil prices improving cash flow from these more developed areas likely helped spur the additional buyer interest.

Oil & Gas industry M&A deals in US in February 2021: Top 5 deals

Copy and paste the image source into your website to display the chart. The value marked an increase of 540.2% over the previous month of $1.74bn and a rise of 28.9% when compared with the last 12-month average of $8.64bn. The US held a 44.94% share of the global oil & gas industry M&A deal value that totalled $24.79bn in February 2021. In terms of M&A deal activity, the US recorded 35 deals during February 2021, marking an increase of 12.90% over the previous month and a drop of 25.53% over the 12-month average. US oil & gas industry M&A deals in February 2021: Top deals The top five oil & gas industry M&A deals accounted for 90.6% of the overall value during February 2021.

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