XCL资源团队推出X2,瞄准数十亿美元的并购

X2 Resources 由 XCL Resources 团队领导,在 EnCap 和其他投资者的支持下,计划在“主要”油气盆地进行价值 5 亿至数十亿美元的收购。


X2 Resources 由XCL Resources 的创建团队领导,在 EnCap 和其他投资者的支持下,计划在“主要”石油和天然气盆地进行 5 亿至数十亿美元的收购。

X2 Resources于 4 月 24 日表示,已从EnCap Investments LPWestlawn GroupRice Investment Group (RIG) 及其管理团队获得新的股权资本承诺。

EnCap 管理合伙人 Jason DeLorenzo 表示:“P2 拥有卓越的业绩记录,我们相信该团队有能力获得重要的资产基础,并以高效、负责任的方式执行大规模开发计划,为股东创造价值。”

X2 首席执行官 Gray Lisenby 表示:“我们很高兴能与 EnCap、Westlawn 和 RIG 合作,并非常感谢他们的支持和信任。”

Hart Energy 已联系 X2 和 EnCap 以获取有关新公司的更多信息。

在领导XCL Resources之前,Lisenby曾担任天然气生产商Rice Energy的首席财务官。投资者文件显示,他参与了Rice Energy于2017年以67亿美元的价格出售EQT Corp.的交易。

X2 团队还包括首席财务官 Nick Barham、首席运营官 Ryan Rogers 以及执行副总裁 Dan Shea 和 Matthew Jankovsky。

在新公司成立过程中, Vinson & Elkins LLP担任 EnCap 的法律顾问。Winston & Strawn LLP担任 Westlawn 的法律顾问,Latham & Watkins LLP担任 X2 的法律顾问。


有关的

SM Energy 以 25.5 亿美元收购 XCL Resources,进军尤因塔盆地


XCL:尤因塔先锋队

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 EnergyNorthern Oil & Gas (NOG)。NOG 持有 XCL 尤因塔盆地资产 20% 的非经营性股份。

XCL 是 Uinta 含蜡原油田的领先开发商,该公司的产量从每天 10,000 桶增加到每天 60,000 桶。

其作业主要集中在富饶的 Uteland Butte 台地,即盆地最确定的目标。

XCL 在 Uinta 的 12 个地层中钻了 250 口井,包括 Douglas Creek、Castle Peak 和 Wasatch 等欠开发区域,证明了在扩大油气储量边界方面取得了早期成功。

前景广阔的叠层油气储量足以吸引SM和NOG进入一个全新的盆地。SM已在其新收购的犹他州资产下方发现了17个产油区。

目前,SM 已 在尤因塔的“上立方体”和“下立方体”进行了测试。较浅的上立方体包括下花园峡谷、三个道格拉斯溪台阶和一个下层未命名的黑色页岩,深度从 9,000 英尺到 10,000 英尺不等。

较深的下部立方体由 Castle Peak、Castle Peak 石灰岩、Uteland Butte、Wasatch 5 上部和下部以及 10,000 英尺至 11,500 英尺之间的 Wasatch 4 组成。

继XCL出售其资产后,Ovintiv以20亿美元的价格将其旗下的Uinta资产出售给了私人勘探与生产公司FourPoint Resources。Ovintiv的出售已于今年1月完成


有关的

早期局面:Uinta 的油性堆积付费勘探才刚刚开始

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

X2 Resources, led by the team behind XCL Resources, is targeting $500 million to multibillion-dollar acquisitions across “premier” oil and gas basins with backing from EnCap and other investors.


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 backing from EnCap and other investors.

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

“X2 has a proven track record of excellence, and we believe the team is well positioned to capture a significant asset base and execute on a large-scale development program in an efficient and responsible manner to create value for its shareholders,” said EnCap Managing Partner Jason DeLorenzo.

“We are thrilled to be in partnership with EnCap, Westlawn, and RIG, and deeply appreciate their support and trust,” said X2 CEO Gray Lisenby.

Hart Energy has reached out to X2 and EnCap for more information about the new company.

Before leading XCL Resources, Lisenby served as CFO at natural gas producer Rice Energy. He was involved in Rice Energy’s $6.7 billion sale to EQT Corp. in 2017, according to investor filings.

The X2 team also includes CFO Nick Barham, COO Ryan Rogers and executive vice presidents Dan Shea and Matthew Jankovsky.

Vinson & Elkins LLP served as legal counsel to EnCap on the creation of the new firm. Winston & Strawn LLP served as legal counsel to Westlawn, and Latham & Watkins LLP served as legal counsel to X2.


RELATED

SM Energy to Buy XCL Resources in $2.55B Entry into Uinta Basin


XCL: Uinta pioneers

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

XCL was the leading developer in the Uinta’s waxy crude oil play, where the company grew production from 10,000 bbl/d to 60,000 bbl/d.

Its operations focused primarily on the prolific Uteland Butte bench, the basin’s most established targets.

XCL drilled 250 wells across 12 of the Uinta’s formations, including underdeveloped zones such as Douglas Creek, Castle Peak and the Wasatch, demonstrating early success in extending the boundaries of the play.

The promising stacked pay was enough to lure SM and NOG into an entirely new basin. SM has identified 17 producing zones beneath its newly acquired Utah asset.

Now, SM has tests spread across the Uinta’s “upper cube” and “lower cube.” The shallower upper cube includes the lower Garden Gulch, three Douglas Creek benches and an underlying, unnamed black shale, ranging from 9,000 ft to 10,000 ft in depth.

The deeper lower cube consists of the Castle Peak, the Castle Peak limestone, Uteland Butte, the Wasatch 5 upper and lower and the Wasatch 4 between 10,000 ft and 11,500 ft.

Following on the heels of XCL’s sale, Ovintiv sold its Uinta asset to private E&P FourPoint Resources for $2 billion. The Ovintiv sale closed in January.


RELATED

Early Innings: Uinta’s Oily Stacked Pay Exploration Only Just Starting

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