编者注：这篇突发新闻文章已更新，包含有关 Civitas 交易融资的更多详细信息。请回来查看更新。

据 6 月 20 日的新闻稿称，Civitas Resources 已签署两项最终协议，以总计 47 亿美元的现金和股票收购私人勘探生产公司 Hibernia Energy III LLC 和 Tap Rock Resources LLC，进入二叠纪的米德兰盆地和特拉华盆地。

两家公司均得到 NGP Energy Capital Management LLC 的支持，此次交易正值二叠纪盆地纯粹参与者争夺库存之际。Civitas 的生产基地目前位于丹佛-朱尔斯堡盆地（DJ 盆地）。

进入二叠纪使 Civitas 的规模立即扩大，净面积达 68,000 英亩，其中 90% 为 HBP，截至 2022 年底探明储量约为 335 MMboe。

这些交易使 Civitas 现有生产基地的石油产量增加了 100,000 桶油当量/天 (54%)，增幅达 60%。Civitas表示，预计从交易完成到2023年底，日均产量将达到105,000桶油当量。

在特拉华州，Civitas 表示同意以 24.5 亿美元购买 Tap Rock 特拉华盆地的部分资产，其中包括 15 亿美元现金和约 1,350 万股 Civitas 普通股，价值约 9.5 亿美元。Tap Rock 将保留其对奥林巴斯开发区的所有权。

这些资产包括约 30,000 净英亩的土地，主要位于新墨西哥州的埃迪县和利县，被认为是特拉华州的核心面积。第一季度，Tap Rock 产量平均约为 59,000 桶油当量/天，其中石油含量为 52%。Civitas 还同时收购了约 350 个钻井地点的库存。

在米德兰盆地，Civitas 同意以 22.5 亿美元现金购买 Hibernia 的资产，但需根据惯例购买价格进行调整。这些资产包括位于德克萨斯州厄普顿县和里根县的约 38,000 净英亩土地。Civitas 将该地区描述为“米德兰盆地活跃且轮廓清晰的地区”。2023 年第一季度平均产量为 41,000 桶油当量/天，含油量为 56%。Civitas 将在米德兰盆地的连续土地上增加约 450 个地点。

Hibernia 和 Tap Rock 都是 NGP 管理的投资组合公司，根据 Civitas 的说法，将把该公司转变为一家“更强大、更平衡和可持续发展的企业”，在二叠纪盆地和丹佛-朱尔斯堡盆地 (DJ) 设有两个生产中心盆地）。

两项交易预计将于 2023 年第三季度完成，生效日期为 2023 年 7 月 1 日。

Civitas 总裁兼首席执行官 Chris Doyle 表示：“这些增值性和变革性交易将立即创建一个更强大、更平衡和可持续的 Civitas。” “通过收购二叠纪盆地中心价格具有吸引力的规模化资产，我们通过增加自由现金流和提高股东回报来推进我们的战略支柱。我们很快将拥有近十年的价格弹性、高回报钻井库存。我们的强大的资本结构使我们能够捕获这些转型资产，而且重要的是，在备考业务实力的背后，我们有一条明确的路径来降低杠杆并保持长期资产负债表的实力。”

Civitas 表示，这些交易总共将增加 800 个地点，其中约三分之二的地点的 IRR 预计超过 40%，WTI 价格为 70 美元/桶，Henry Hub Nymex 定价为 3.50 美元/MMBtu。该公司预计石油权重预计将增加至近50%。

此次收购的定价颇具吸引力，为 2024 年预计调整后 EBITDAX 的 3 倍，与最近的二叠纪交易一致。这些交易预计将使 2024 年每股自由现金流 (FCF) 增长 35%。

Civitas 预计到 2024 年将产生约 11 亿美元的预计 FCF，WTI 定价为 70 美元/桶，Henry Hub Nymex 定价为 3.50 美元/MMBtu

在随后的新闻稿中，Civitas 于 6 月 20 日宣布进行两次私募高级无担保债务，总额达 27 亿美元，以帮助支付驱动费用。交易的其余部分将通过公司支付：

• 库存现金4亿美元；
• 信贷额度6.5亿美元；和
• 股权，9.5 亿美元。

该债务约占 Permian 收购价格的 47%。

美国银行和摩根大通还为本次交易向 Civitas 提供 35 亿美元的承诺融资。

美国银行证券 (BofA Securities) 和古根海姆证券有限责任公司 (Guggenheim Securities LLC) 担任 Civitas 的财务顾问，凯易律师事务所 (Kirkland & Ellis) 担任法律顾问，DrivePath Advisors 担任传播顾问。高盛还向公司提供了战略建议。

摩根大通和 Baker Botts LLP 为 Hibernia 提供咨询服务。Jefferies 和 Vinson & Elkins LLP 为 Tap Rock 提供咨询服务。

Editor's note: This breaking news article has been updated with additional details on Civitas' deal financing. Check back for updates.

Civitas Resources has signed two definitive agreements to enter the Permian’s Midland and Delaware basins through the acquisition of private E&Ps Hibernia Energy III LLC and Tap Rock Resources LLC for cash and stock totaling $4.7 billion, according to a June 20 press release.

Both companies are backed by NGP Energy Capital Management LLC and the transactions come as Permian Basin pure players scramble for inventory. Civitas’ production base is currently anchored by the Denver-Julesburg Basin (D-J Basin).

The Permian entry adds immediate scale for Civitas gaining 68,000 net acres, 90% of which are HBP, and proved reserves of approximates 335 MMboe as of year-end 2022.

The deals increase Civitas’s existing production base by 100,000 boe/d (54%) oil, an increase of 60%. Civitas said it expects production to average 105,000 boe/d from the time it closes the deal through the end of 2023.

In the Delaware, Civitas said it agreed to purchase a portion of Tap Rock's Delaware Basin assets for $2.45 billion, including $1.5 billion in cash and approximately 13.5 million shares of Civitas common stock valued at approximately $950 million. Tap Rock will retain its ownership of the Olympus development area.

The assets include approximately 30,000 net acres, primarily located in Eddy and Lea counties, New Mexico, in what is considered to be core Delaware acreage. In the first quarter, Tap Rock production averaged approximately 59,000 boe/d, 52% oil. Civitas also acquires an inventory of approximately 350 drilling locations at a time when.

In the Midland Basin, Civitas agreed to purchase Hibernia's assets for $2.25 billion in cash, subject to customary purchase price adjustments. The assets include approximately 38,000 net acres in Upton and Reagan counties, Texas. Civitas described the area as an “active and well delineated area in the Midland Basin.” First-quarter 2023 production averaged 41,000 boe/d, 56% oil. Civitas will add approximately 450 locations on a contiguous acreage position in the Midland Basin.

Hibernia and Tap Rock are both portfolio companies managed by NGP and, according to Civitas, will transform the company into a “stronger, more balanced and sustainable enterprise” with two production centers in the Permian Basin and the Denver-Julesburg Basin (D-J Basin).

Both transactions are expected to close in third-quarter 2023 with effective dates of July 1, 2023.

"These accretive and transformative transactions will immediately create a stronger, more balanced and sustainable Civitas," said Chris Doyle, Civitas president and CEO. "By acquiring attractively priced, scaled assets in the heart of the Permian Basin, we advance our strategic pillars through increased free cash flow and enhanced shareholder returns. We will soon have nearly a decade of price-resilient, high-return drilling inventory. Our strong capital structure allowed us to capture these transformational assets, and, importantly, behind the strength of the pro forma business, we have a clear path to reduce leverage and maintain long-term balance sheet strength."

Civitas said the deals will combine to add 800 gross locations with approximately two-thirds having estimated IRRs of more than 40% at $70/bbl WTI and $3.50/MMBtu Henry Hub Nymex pricing. The company's pro forma oil-weighting is expected to increase to nearly 50%.

The acquisitions are attractively priced at 3x 2024 estimated adjusted EBITDAX, in-line with recent Permian transactions. The transactions are expected to deliver an estimated 35% uplift to 2024 free cash flow (FCF) per share.

Civitas expects to generate approximately $1.1 billion of pro forma FCF in 2024 at $70/Bbl WTI and $3.50/MMBtu Henry Hub Nymex pricing

In a subsequent press release, Civitas announced on June 20 two private placements for senior unsecured debt totaling $2.7 billion to help pay for the actuations. The remainder of the transaction will be paid through the company’s:

• Cash on hand, $400 million;
• Credit facility, $650 million; and
• Equity, $950 million.

The debt represents about 47% of the Permian acquisition purchase price.

Bank of America and JP Morgan are also providing Civitas with $3.5 billion of committed financing for the transaction.

BofA Securities and Guggenheim Securities LLC are serving as financial advisers, Kirkland & Ellis is serving as legal advisor and DrivePath Advisors is serving as communication adviser for Civitas. Goldman Sachs also provided strategic advice to the Company.

JP Morgan and Baker Botts LLP advised Hibernia. Jefferies and Vinson & Elkins LLP advised Tap Rock.