NOG 完成价值 6200 万美元的 Midland Basin 附加交易

非运营的北方石油天然气公司 (NOG) 从一家私人运营商手中购买了位于德克萨斯州厄普顿县的一块土地,扩大了其米德兰盆地的足迹。

 


北方石油天然气公司 (NOG) 在 4 月 29 日发布的第一季度财报中报告称,该公司于 4 月 1 日以 6170 万美元现金完成了对米德兰盆地 2,275 净英亩土地的现金收购。

这笔交易于2月份完成,交易方是现有的一家私人运营合作伙伴。总部位于明尼阿波利斯的NOG最初表示,将以4000万美元收购德克萨斯州厄普顿县的这处土地。NOG是一家非运营公司,目前正在与一家多年期合资企业合作开发这处被收购的土地。

三个月内,NOG还完成了七笔地面油田交易,新增了超过1000英亩的油田和1.1口净油井,交易金额为480万美元。相比之下,上一季度,NOG完成了价值2700万美元的交易,新增了0.7口净生产油井、3.2口净在建油井和约2274英亩净油田。该公司并未透露这些油田的具体收购地点。NOG在二叠纪盆地、威利斯顿盆地、尤因塔盆地和阿巴拉契亚盆地拥有约30万英亩的租赁油田。

在二叠纪盆地,NOG拥有约4.3万净英亩的土地。该公司今年前三个月的资本支出占其总支出的57%。其约46%的油井位于二叠纪盆地。

NOG当期总产量为134,959桶油当量/天(58%为石油),较去年同期增长13%。NOG在新闻稿中表示,自SM Energy投入运营以来的首个报告期内,尤因塔盆地(Uinta Basin)的产量环比增长了15%。NOG与SM Energy合作,以总价26亿美元收购了尤因塔盆地勘探与生产公司(Uinta Basin E&P XCL Resources)

首席执行官尼克·奥拉迪表示:“非运营模式固有的灵活性以及我们广泛的盆地和生产组合将允许动态资本配置,以适应大宗商品定价背景的任何变化。我们强大的对冲账簿使我们的现金流保持安全,从而提供了在任何环境下利用价值创造机会的选择性。”

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NOG Closes $62MM Midland Basin Bolt-On Deal

Non-op Northern Oil and Gas (NOG) expanded its Midland Basin footprint with an acreage purchase in Upton County, Texas, from a private operator.

 


Northern Oil and Gas (NOG) completed the cash purchase of 2,275 net acres in the Midland Basin on April 1 $61.7 million cash, the company reported in a first-quarter earnings release on April 29.

The deal, accounted in February, was with an existing private operating partner. Minneapolis-based NOG initially said it would pay $40 million for the Upton County, Texas. NOG, a non-op, is engaged in a multi-year joint venture to develop the acquired property.

NOG also completed seven ground game deals during the three-month period to add more than 1,000 acres and 1.1 net wells for $4.8 million. That compares to the previous quarter when NOG closed on deals valued at $27 million, which added 0.7 net producing wells, 3.2 net in-process wells and some 2,274 net acres. The company did not disclose where the acreage was acquired. NOG holds about 300,000 leasehold acres across the Permian, Williston, Uinta and Appalachian basins.

In the Permian, NOG holds about 43,000 net acres. It spent 57% of its capex during the first three months of the year. About 46% of its wells are located in the Permian.

NOG recorded total production for the period of 134,959 boe/d (58% oil)—a 13% increase from the same time last year. Uinta volume grew 15% quarter-over-quarter during its first reporting period since SM Energy took on operations, NOG said in the release. NOG partnered with SM to acquire Uinta Basin E&P XCL Resources for a combined $2.6 billion.

“The inherent flexibility of the non-operated model and our broad basin and production mix will allow for dynamic capital allocation to adjust for any changes in the commodity pricing backdrop,” said CEO Nick O’Grady. “Our robust hedge book keeps our cash flows insulated, providing optionality to capitalize on value creation opportunities in any environment.”

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