新勘探与生产 South Wind 将寻求私募股权支持开展大规模并购

去年出售了费耶特维尔天然气生产商 Flywheel Energy 后，该团队在 Kayne Anderson 的融资下成立了 South Wind Exploration & Production。

克里斯
马修斯
哈特能源

Flywheel Energy背后的团队正在Kayne Anderson的支持下成立一家新的 E&P 公司。

4 月 29 日股市收盘后，South Wind Exploration & Production 和 Kayne Private Energy Income Fund III LP 及其公司管理层表示，已获得超过 4 亿美元的承诺。

总部位于俄克拉荷马城的 South Wind 公司寻求收购美国陆上大型石油和天然气资产。

South Wind 的管理团队包括联合首席执行官 Tyler Bolton 和 Greg Boxer、执行副总裁兼总法律顾问 Jeremy Fitzpatrick、首席运营官 Zack Laird、首席财务官 Son Hoang 和首席技术官 Andy Broussard。

博尔顿曾担任 Flywheel 资产开发副总裁，而博克瑟则担任 Flywheel 首席财务官。

Flywheel 及其附属公司在 Kayne Anderson 的投资组合中运营了七年，之后于 2024 年 6 月被出售。买家尚未披露。

Kayne Anderson 管理合伙人 Mark Teshoian 表示：“我们与这个团队有着长期而成功的合作关系，我们很高兴能与 South Wind 一起延续这一势头。”

Flywheel 的 Fayetteville 天然气

Flywheel最初于2017年初以Valorem Energy的名称成立，由Kayne Anderson投资。同年，该公司以2.85亿美元收购了Williston Basin的资产。

2018 年，凯恩·安德森 (Kayne Anderson) 向新成立的 Flywheel Energy 注入了另外 7 亿美元的股权，而 Flywheel则以 20 亿美元收购了西南能源位于阿肯色州的费耶特维尔页岩资产。

Flywheel最终于 2019 年夏天将威利斯顿资产出售给了北方石油天然气公司(NOG)。

据报道，2022 年埃克森美孚将其阿肯色州页岩气资产出售给 Flywheel。

Enverus Intelligence Research 的数据显示，截至去年初， Flywheel 已发展成为美国第 17 大私营勘探与生产公司。

2024 年第一季度，Flywheel 的产量约为 6.73 亿立方英尺/天，排名接近GeoSouthern Energy和 Appalachia 的HG Energy等其他大型生产商。

凯恩·安德森 (Kayne Anderson) 没有回应有关 Flywheel 于 2024 年 6 月“成功将费耶特维尔投资组合货币化”的更多信息的请求。

Rextag 的数据显示，Flywheel 在阿肯色州最大的抵消邻居是私人控股的Merit Energy Co .。

与海恩斯维尔页岩气和阿巴拉契亚盆地天然气相比，费耶特维尔气田因缺乏资本投资和主要生产商退出而陷入困境。

天然气价格从 2008 年的每千立方英尺 12 美元以上跌至 2016 年的每千立方英尺 2 美元以下后，费耶特维尔的钻井活动大幅减少。

费耶特维尔也生产干气。运营商从海恩斯维尔、阿巴拉契亚山脉的马塞勒斯页岩和尤蒂卡页岩以及二叠纪盆地的伴生石油和液化天然气（NGL）生产中获得更高的回报。

阿肯色州最近的钻探活动主要集中在斯马科弗地层富含锂的盐水上。

有关的

Smackover Lithium 被指定为优先关键矿产项目

X2

私募股权正在向其他新的勘探与生产公司注资。

X2 Resources由创建XCL Resources 的团队领导 ，在新的支持下，计划在“优质”石油和天然气盆地进行价值 5 亿至数十亿美元的收购。

X2 Resources 于 4 月 24 日表示，已从EnCap Investments LP、  Westlawn Group、  Rice Investment Group 及其管理团队获得新的股权资本承诺 。

X2 团队将于 2​​024 年 10 月在犹他州以 26.4 亿美元的价格将资产出售给 SM Energy 和 NOG。NOG 持有 XCL 尤因塔盆地资产 20% 的非经营性股份。

有关的

XCL资源团队推出X2，瞄准数十亿美元的并购

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New E&P South Wind to Pursue Large-Scale M&A with PE Backing

After selling Fayetteville gas producer Flywheel Energy last year, the team is launching South Wind Exploration & Production with Kayne Anderson financing.

Chris
Mathews
Hart Energy

The team behind Flywheel Energy is launching a new E&P company with backing from Kayne Anderson.

South Wind Exploration & Production has received more than $400 million in commitments from Kayne Private Energy Income Fund III LP and company management, the firms said after markets closed April 29.

Oklahoma City-based South Wind seeks to acquire large, producing onshore U.S. oil and gas assets.

South Wind’s management team includes co-CEOs Tyler Bolton and Greg Boxer, executive vice president and general counsel Jeremy Fitzpatrick, COO Zack Laird, CFO Son Hoang and CTO Andy Broussard.

Bolton previously served as Flywheel’s vice president of asset development, and Boxer was Flywheel’s CFO.

Flywheel and its affiliates operated for seven years in Kayne Anderson’s portfolio before being sold in June 2024. The buyer was not disclosed.

“We have had a long and successful partnership with this team, and we are excited to build on that momentum with South Wind," said Kayne Anderson Managing Partner Mark Teshoian.

Flywheel’s Fayetteville gas

Flywheel first launched as Valorem Energy in early 2017 with backing from Kayne Anderson. That year it closed a $285 million acquisition of Williston Basin assets.

Kayne Anderson committed another $700 million of equity to newly formed Flywheel Energy in 2018, and Flywheel landed a $2 billion acquisition of Southwestern Energy’s Fayetteville Shale assets in Arkansas.

Flywheel eventually sold the Williston assets to Northern Oil and Gas (NOG) in the summer of 2019.

In 2022, Exxon Mobil reportedly sold its Arkansas shale gas assets to Flywheel.

Flywheel had grown into the 17th-largest privately held E&P in the U.S. as of early last year, according to Enverus Intelligence Research data.

Flywheel produced around 673 MMcf/d during first-quarter 2024, ranking near other large producers including GeoSouthern Energy and Appalachia’s HG Energy.

Kayne Anderson did not respond to a request for more information about Flywheel “successfully monetizing” the Fayetteville portfolio in June 2024.

Flywheel’s largest offset neighbor in Arkansas is privately held Merit Energy Co., according to Rextag data.

Compared to the Haynesville Shale and Appalachian Basin gas plays, the Fayetteville has languished under a lack of capital investment and exits by major producers.

Fayetteville drilling activity declined massively after natural gas prices dropped from more than $12/Mcf in 2008 to under $2/Mcf in 2016.

Fayetteville also produces dry gas. Operators generate higher returns from associated oil and NGL production from the Haynesville, Appalachia’s Marcellus and Utica shales and Permian Basin production.

Most recent Arkansas drilling activity has focused on lithium-rich brines of the Smackover formation.

RELATED

Smackover Lithium Designated as Priority Critical Mineral Project

X2

Private equity is reloading with other new E&P companies.

X2 Resources, led by the team that built XCL Resources, is targeting $500 million to multibillion-dollar acquisitions across “premier” oil and gas basins with fresh backing.

X2 Resources secured new equity capital commitments from EnCap Investments LP, Westlawn Group, Rice Investment Group and its management team, the firms said April 24.

The X2 team is coming off a $2.64 billion sale in Utah to SM Energy and NOG in October 2024. NOG took a 20% non-operated stake in XCL’s Uinta Basin assets.

RELATED

XCL Resources Team Launches X2, Targets Multibillion-Dollar M&A

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