资产/投资组合管理

东京天然气公司将以 27 亿美元收购 Rockcliff Energy

该交易将使东京燃气公司海恩斯维尔页岩的天然气产量增加四倍。

绿色田野上的页岩气管道
罗克利夫的海恩斯维尔资产覆盖德克萨斯州东部县,包括哈里森、格雷格、腊斯克和帕诺拉。
资料来源:nightman1965/Getty Images/iStockphoto

东京天然气公司的一个部门正以 27 亿美元收购私募股权投资的 Rockcliff Energy II,以扩大其在海外天然气市场的业务。Rockcliff 是 Quantum Energy Partners 的投资组合公司,专注于德克萨斯州东部海恩斯维尔页岩区的天然气生产。

Rockcliff 的资产横跨五个县,净面积约 200,000 英亩,天然气总产量超过 1.3 Bcf/D。该交易将使东京天然气公司目前该地区的日产量 330 MMcf 增加四倍。

东京燃气子公司 TGNR 首席执行官 Craig Jarchow 表示:“通过此次收购,TG 自然资源公司 (TGNR) 致力于在海恩斯维尔油气区占据领导地位,海恩斯维尔油气区是世界上最重要的清洁天然气来源之一。” “如果不计算 Bossier 和 Cotton Valley 的重要油田,海恩斯维尔将拥有近一个世纪的总运营和非运营钻井库存。TGNR 在跨商品周期的投资方面拥有良好的记录,此次收购使该公司能够取得长期成功。Rockcliff 还进行了大量投资,以减少其已经非常清洁的运营中的甲烷排放,我们计划继续加速降低合并运营中的甲烷强度。”

Rockcliff 扩大了该地区的生产规模,产量从 2017 年最初收购的 100 MMcf/天增加到今天的 1.3 Bcf/天。

TGNR 由日本最大的城市燃气供应商东京燃气公司持有 79% 的股份。

“Rockcliff 的出售将纪念昆腾与(首席执行官)艾伦(史密斯)和 Rockliff 领导团队其他成员的第九次成功合作,”昆腾首席执行官 Wil VanLoh 表示。“通过我们的合作伙伴关系和集体努力,我们找到了一个独特的机会,将德克萨斯州东部海恩斯维尔转变为墨西哥湾沿岸液化天然气出口的美国清洁天然气的主要供应商。”

2017年5月,东京燃气美国公司投资了TGNR的前身Castleton Resources LLC,并于2020年8月将Castleton Resources LLC纳入子公司。TGNR 一直在德克萨斯州和路易斯安那州靠近新液化天然气出口终端的地区寻找资产,预计未来天然气需求将增加。

该交易预计将于今年年底完成,具体取决于惯例成交条件和监管部门的批准。

该交易将有助于东京燃气集团的管理愿景“Compass 2030”,该愿景要求该公司将海外利润增加两倍。

原文链接/jpt
Asset/portfolio management

Tokyo Gas To Acquire Rockcliff Energy for $2.7 Billion

The deal will quadruple Tokyo Gas' natural gas production volumes from the Haynesville Shale.

Shale gas pipeline over a field of green
Rockcliff's Haynesville holdings cover east Texas counties including Harrison, Gregg, Rusk, and Panola.
SOURCE: nightman1965/Getty Images/iStockphoto

A unit of Tokyo Gas is buying private equity funded Rockcliff Energy II for $2.7 billion in a bid to expand its overseas exposure to natural gas markets. Rockcliff is a portfolio company of Quantum Energy Partners focused on natural gas production in the east Texas portion of the Haynesville Shale play.

Rockcliff's holdings cross five counties are made up of about 200,000 net acres with more than 1.3 Bcf/D of gross operated natural gas production. The deal will quadruple Tokyo Gas’ current production of 330 MMcf/D from the area.

“With this acquisition, TG Natural Resources (TGNR) is committed to leadership in the Haynesville play, one of the world’s most important sources of clean natural gas,” said Craig Jarchow, chief executive of Tokyo Gas unit TGNR. “We will have nearly a century in rig-years of gross operated and nonoperated drilling inventory in the Haynesville, not counting the important plays in the Bossier and Cotton Valley. TGNR has a strong track record of investing across commodity cycles, and this acquisition positions the company for long-term success. Rockcliff has also made large investments in reducing methane emissions from their already very clean operations and we plan to continue to accelerate the drive to lower methane intensity in our combined operations.”

Rockcliff grew its production footprint in the area, increasing volumes from 100 MMcf/D via its initial slate of acquisitions in 2017 to 1.3 Bcf/D today.

TGNR is 79% owned by Tokyo Gas, Japan’s biggest city gas supplier.

“The sale of Rockcliff will memorialize Quantum’s ninth successful partnership with (CEO) Alan (Smith) and other members of the Rockliff leadership team,” said Wil VanLoh, chief executive of Quantum. “Through our partnership and collective efforts, we were able to identify a unique opportunity to transform the east Texas Haynesville into a major supplier of clean US natural gas for LNG exports from the Gulf Coast.”

In May 2017, Tokyo Gas America invested in Castleton Resources LLC, the predecessor of TGNR, and in August 2020, it made Castleton Resources LLC a subsidiary. TGNR has been seeking assets in the Texas and Louisiana areas near new LNG export terminals where future gas demand is expected to increase.

The transaction is expected to close by the end of the year, subject to customary closing conditions and regulatory approvals.

The deal will contribute to Tokyo Gas Group’s Management Vision, Compass 2030, which calls for the company to triple its overseas profits.