Callon Petroleum Co. 于 7 月 3 日完成了之前宣布的特拉华盆地对 Percussion Petroleum Operating II LLC 的收购，并将 Eagle Ford 项目出售给 Ridgemar Energy Operating LLC。

A&D 的总价值约为 11.3 亿美元。

Callon 用 2.49 亿美元现金和约 630 万股 Callon 普通股购买了 Percussion 在特拉华州的资产。

在 Eagle Ford，Callon 将其出售给 Ridgemar 获得了 5.51 亿美元现金，Ridgemar 得到了红玉髓能源资本管理公司 (Carnelian Energy Capital Management LP) 的支持。该公司在 7 月 5 日的新闻稿中表示，这些交易仍需进行交割后调整，生效日期为 2023 年 1 月 1 日。

Callon 总裁兼首席执行官 Joe Gatto 表示：“补充 Percussion 交易提高了我们特拉华州的库存深度，并降低了我们的成本结构。”

相关：分析师：Callon 的 11 亿美元 A&D 援助有助于减少债务和投资者回报

该勘探与生产公司现在是二叠纪盆地的纯粹经营者，还利用这两笔交易来减少其债务状况并启动股东回报计划。交易结束时，Callon 的未偿债务减少了约 3 亿美元，目前债务总额不足 20 亿美元。

在进行交易的同时，Callon 董事会还宣布了一项为期两年、价值 3 亿美元的股票回购计划，该计划将于 7 月 3 日生效。该计划下的第一批股票将于 2023 年第三季度回购。

Callon 还提交了一份 1.872 亿美元、利率为 8.25%、将于 2025 年 7 月到期的优先票据的赎回通知，将于 8 月初完成，并使用该公司的循环信贷额度提供资金。

加拿大皇家银行资本市场 (RBC Capital Markets) 担任 Callon 收购 Percussion 的唯一财务顾问。摩根大通证券有限责任公司 (JP Morgan Securities LLC) 担任 Callon 剥离 Eagle Ford 业务的唯一财务顾问。Haynes and Boone LLP 和 Kirkland & Ellis LLP 担任 Callon 交易的法律顾问。

Callon Petroleum Co. closed on July 3 its previously announced Delaware Basin acquisition of Percussion Petroleum Operating II LLC and exited the Eagle Ford in a sale to Ridgemar Energy Operating LLC.

Collectively, the A&D was valued at about $1.13 billion.

Callon paid for the Percussion’s Delaware assets with a combination of $249 million in cash and approximately 6.3 million shares of Callon common stock.

In the Eagle Ford, Callon received $551 million in cash for its sale to Ridgemar, which is backed by Carnelian Energy Capital Management LP. The transactions are still subject to post-closing adjustments and reflect an effective date of Jan. 1, 2023, the company said in a July 5 press release.

"The bolt-on Percussion transaction improves our Delaware inventory depth and also lowers our cost structure,” Joe Gatto said, president and CEO of Callon.

RELATED: Analysts: Callon’s $1.1 Billion A&D Aids Debt Reduction, Investor Returns

Now a Permian Basin pure-play, the E&P also used the two transactions to reduce its debt position and start a shareholder return plan. At closing, Callon’s outstanding debt went down by approximately $300 million, with gross debt now at less than $2 billion.

In conjunction with the transactions, Callon’s board of directors also announced a two-year, $300 million stock repurchase program, effective July 3. First shares under the program will be repurchased in third quarter 2023.

Callon also submitted a notice of redemption for $187.2 million of 8.25% senior notes maturing in July 2025, to be complete in early August and funded using the company’s revolving credit facility.

RBC Capital Markets is serving as the sole financial adviser to Callon on the acquisition of Percussion. JP Morgan Securities LLC is serving as the sole financial adviser to Callon for the Eagle Ford divestiture. Haynes and Boone LLP and Kirkland & Ellis LLP are serving as legal advisers to Callon for the transactions.