TXO 以 3.5 亿美元收购 White Rock 的 Williston 资产

 TXO Partners 收购威利斯顿盆地 Elm Coulee 油田预计将为 TXO 增加约 2500 万桶油当量的已探明开发储量。


TXO Partners LP已同意从Quantum Capital Group投资组合公司White Rock Energy 收购威利斯顿盆地 Elm Coulee 油田的生产资产

根据 5 月 13 日的新闻稿,TXO 的总现金对价约为 3.5 亿美元,其中 7000 万美元将延期支付,并在交易完成一年后支付。

新闻稿称,此次交易预计将为 TXO 的足迹增加约 6,800 桶油当量/天(约 93% 为液体),并增加约 2500 万桶油当量的已探明开发储量。

TXO Partners 联合首席执行官 Gary D. Simpson 表示,Elm Coulee 油田的石油资源基础约为 40 亿桶,“这是一个重要的目标”。

 “这些生产井体现了石油行业一流的利润率。水平钻井和完井技术持续提升油藏整体采收率。凭借超过19万英亩的生产用地,我们将专注并勤勉地实现长期低递减产量,”辛普森说道。

该交易预计将于 2025 年第三季度完成。

该协议是与 North Hudson Resource Partners 合作签署的,后者的附属公司将以约 1.25 亿美元收购 White Rock 资产 30% 的非经营权益。

新闻稿称,White Rock 的 Elm Coulee 资产总对价为 4.75 亿美元。

TXO 的此次收购是在其与Eagle Mountain Energy PartnersVendera Resources共同以2.96 亿美元收购蒙大拿州 Elm Coulee 油田的基础上进行的,该收购于 2024 年 9 月完成。

TXO 在此次收购及与 North Hudson 的合作中分别担任 Kelly Hart & Hallman LLP 和 Latham & Watkins LLP 的法律顾问。North Hudson 在本次交易中担任的法律顾问是 Gibson, Dunn & Crutcher LLP。

Jefferies LLC 担任 White Rock 的财务顾问,Vinson & Elkins LLP 担任 White Rock 的法律顾问。

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TXO Acquires White Rock’s Williston Assets for $350MM

 TXO Partners' purchase in the Williston Basin's Elm Coulee Field is expected to add proved developed reserves of approximately 25 MMboe to TXO.


TXO Partners LP has agreed to acquire producing assets in the Elm Coulee Field of the Williston Basin from White Rock Energy, a Quantum Capital Group portfolio company.

The total cash consideration for TXO is approximately $350 million, of which $70 million will be deferred and payable a year after the deal’s closing, according to a May 13 press release.

The transaction is expected to add approximately 6,800 boe/d (~93% liquids) to TXO’s footprint and proved developed reserves of approximately 25 MMboe, the release stated.

The Elm Coulee Field’s resource base of approximately 4 Bbbl of oil in place “presents a significant target,” said Gary D. Simpson, co-CEO of TXO Partners.

 “The producing wells reflect top-notch margins across the oil industry. The horizontal drilling and completion techniques continue to enhance overall reservoir recovery. With more than 190,000 combined productive acres, we will be focused and diligent in delivering long-term production with a low-decline profile,” Simpson said.

The transaction is expected to close in third-quarter 2025.

The agreement was signed in partnership with North Hudson Resource Partners, whose affiliates will acquire a 30% non-operated interest in the White Rock assets for approximately $125 million.

Total consideration for White Rock’s Elm Coulee assets is $475 million, the release stated.

TXO’s purchase builds on its $296 million acquisition in the Elm Coulee Field in Montana with Eagle Mountain Energy Partners and Vendera Resources, which closed September 2024.

TXO’s counsel in connection with the acquisition and partnership with North Hudson is Kelly Hart & Hallman LLP and Latham & Watkins LLP, respectively. North Hudson’s counsel on this transaction is Gibson, Dunn & Crutcher LLP.

Jefferies LLC served as financial adviser to White Rock and Vinson & Elkins LLP served as legal counsel to White Rock.

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