Upstream M&A Rises 25% YOY in 2021 to $66 Billion
Txylo.com/10168052
Trending...
- Light the Way Summit Welcomes Virtual Reality Human Trafficking Education Company
- STAY BUNGALOW ANNOUNCES OFFICIAL DEBUT
- Texas: Governor Abbott Ensures State Agencies Continue Providing Resources, Long-Term Support To Uvalde Community
AUSTIN, Texas, Jan. 13, 2022 /PRNewswire/ -- Enverus, the leading energy data analytics and SaaS technology company, is releasing its summary of 4Q21 and full-year 2021 U.S. upstream M&A. In the second year of a COVID-influenced market, M&A rose 25% year-over-year to reach $66 billion. However, activity was uneven with a slow beginning and end to 2021, including $9 billion transacted in 4Q21. That kept the yearly total below the $72 billion average from 2015-2019.
"Since the emergence of COVID, upstream M&A has been characterized by fewer, but larger, deals," said Andrew Dittmar, director at Enverus. "The volume of deals remains depressed with 172 and 179 transactions in 2020 and 2021, respectively, versus an average of nearly 400 deals per year before COVID."
Private equity exits continued into the fourth quarter, with two of the top three deals of 4Q21 involving the sale of a PE-backed E&P to a public company, one each in the Delaware and Haynesville. The Delaware and Haynesville were the two most active plays of 4Q21 and combined to account for 80% of the quarter's deal value.
More on Txylo.com
"Buyers have been largely focused on adding high-quality inventory to build out their runway and sustain the strong cash flow generation recently achieved," added Dittmar. "The largest supply of inventory meeting buyers' criteria is available for sale in the Delaware for oil and the Haynesville for gas."
Overall, the M&A market should be set for an active 2022. However, there may be fewer multi-billion deals to buy public or private companies as so many of those deals have already transacted and strong commodity prices lessen the pressure on smaller companies to sell.
View Enverus' full announcement including extended commentary and charts featuring Top Five Deals of Q4.
About Enverus
Enverus is the leading energy SaaS company delivering highly-technical insights and predictive/prescriptive analytics that empower customers to make decisions that increase profit. Enverus' innovative technologies drive production and investment strategies, enable best practices for energy and commodity trading and risk management, and reduce costs through automated processes across critical business functions. Enverus is a strategic partner to more than 6,000 customers in 50 countries. Learn more at Enverus.com.
SOURCE Enverus
"Since the emergence of COVID, upstream M&A has been characterized by fewer, but larger, deals," said Andrew Dittmar, director at Enverus. "The volume of deals remains depressed with 172 and 179 transactions in 2020 and 2021, respectively, versus an average of nearly 400 deals per year before COVID."
Private equity exits continued into the fourth quarter, with two of the top three deals of 4Q21 involving the sale of a PE-backed E&P to a public company, one each in the Delaware and Haynesville. The Delaware and Haynesville were the two most active plays of 4Q21 and combined to account for 80% of the quarter's deal value.
More on Txylo.com
- Texas: Governor Abbott Reappoints Bickerstaff And Lunceford To Boards For Lease
- Daikin Comfort Technologies to Build $230 Million Manufacturing Facility in Mexico
- Always Ontime: Chaos City - Super Hero Graphic Novel with Neal Adams Cover Launches from Panopolis Metaverse
- Pro-Life And Pro-Love: Daystar Teams Up To Make Abortion Alternatives Accessible
- The Happy Pet Supply: Get All Your Pet Product Needs In One Convenient Place
"Buyers have been largely focused on adding high-quality inventory to build out their runway and sustain the strong cash flow generation recently achieved," added Dittmar. "The largest supply of inventory meeting buyers' criteria is available for sale in the Delaware for oil and the Haynesville for gas."
Overall, the M&A market should be set for an active 2022. However, there may be fewer multi-billion deals to buy public or private companies as so many of those deals have already transacted and strong commodity prices lessen the pressure on smaller companies to sell.
View Enverus' full announcement including extended commentary and charts featuring Top Five Deals of Q4.
About Enverus
Enverus is the leading energy SaaS company delivering highly-technical insights and predictive/prescriptive analytics that empower customers to make decisions that increase profit. Enverus' innovative technologies drive production and investment strategies, enable best practices for energy and commodity trading and risk management, and reduce costs through automated processes across critical business functions. Enverus is a strategic partner to more than 6,000 customers in 50 countries. Learn more at Enverus.com.
SOURCE Enverus
Filed Under: Business
0 Comments
Latest on Txylo.com
- Audubon Appoints Ahad Esmaeilian to Vice President of Clean Energy
- Resound Networks and Globtel Holding Successfully Perform Fixed Wireless Access Test With 1 Gbps Downlink And 500 Mbps Uplink Throughput at 7 Miles
- For Quality Oil Rig Parts and Equipment Contact Triumph International
- Health Advisory: Protecting Yourself and Others from Monkeypox
- Contango ORE Announces Board Change and Operational Updates
- RC Mowers anticipates rapid growth with slate of new hires
- Kindle FREE June 28-29: Powerful new memoir from Santa Molina-Marshall poised to help heal abuse victims through inspiring storytelling
- GoodLoan.io announces new program to unlock up to $500,000 for Home Equity Investment
- Enterprise Clarifies Media Reports Regarding Proposed Ethylene Cracker
- Beck Properties Group Hires Professional Marketing Team
- Texas: Governor Abbott Announces 2022 Barbara Jordan Media Award Winners
- FAN EXPO Dallas Celebrated All Things Fandom at Kay Bailey Convention Center
- Charles Schwab Discloses Results of the Federal Reserve's 2022 Comprehensive Capital Analysis and Review
- Cosplay Universe" Documentary to Premiere at Anime Expo & in Theaters this Summer
- Texas: Governor Abbott Issues Letter To President Biden On EPA Plan That Threatens Oil And Gas Production In Permian Basin
- Kano Laboratories, Makers of Kroil, Announces Refreshed Branding for Extended Line of Industrial Product Solutions
- Michael Baker International Announces New Leadership Roles in Southern Region
- Reliant and the Astros Foundation Launch "Slide Into Summer Reading"
- Governor Abbott Appoints Four To Finance Commission Of Texas
- City of Houston, Greater Houston Partnership Lead Mission to France to Grow Business and Cultural Ties