Freehold Royalties已同意以 2.16 亿加元（1.52 亿美元）收购米德兰盆地矿产和特许权使用费权益，这是各公司在利润丰厚的二叠纪盆地寻找交易的最新交易。

总部位于卡尔加里的 Freehold 12 月 9 日表示，从私人卖家手中收购的资产包括约 1,300 桶油当量/天的净产量、244,000 英亩的总钻井面积和约 3,100 万美元的年净特许权使用费收入。

约 95% 的产量由埃克森美孚公司和Diamondback Energy负责，目前在收购的资产上有 16 个钻井平台投入运营。

Freehold 的交易将使其米德兰盆地资产组合增加 35%，并使该公司能够占据米德兰盆地活跃钻井平台的三分之一。大部分土地位于德克萨斯州的马丁县和米德兰县。

此次交易正值矿产和特许权使用费公司专注于在 2024 年收购二叠纪盆地之际。德克萨斯太平洋土地公司 (Texas Pacific Land Corp.)是活跃在二叠纪盆地的几家公司之一，达成了两笔交易（一笔在 8 月，另一笔在 10 月），以总计 4.55 亿美元的价格收购了米德兰盆地和特拉华盆地的权益。同样在 10 月，Diamondback Energy 的子公司Viper Energy以 9.15 亿美元的价格收购了米德兰矿产和特许权使用费权益。

今年 1 月，Freehold 本身在德克萨斯州米德兰盆地和新墨西哥州特拉华盆地完成了两笔交易，交易金额为 1.162 亿加元（8200 万美元）。

Freehold 总裁兼首席执行官 David Spyker 表示：“这次收购成功体现了我们在战略并购方面的严谨做法，这是我们熟悉的领域，也是我们今年早些时候完成的两项核心米德兰盆地收购的进一步发展。”

交易完成后，Freehold 米德兰盆地 50% 的产量将由埃克森美孚运营；Diamondback 将运营约 11% 的产量。

Freehold 计划通过股权融资和现有信贷融资 1.251 亿加元（8825 万美元）为此次交易提供资金。

Freehold 表示，此次交易包括跨钻井间隔单位（DSU）的大量“空白空间”，其中约 25% 的收购面积为未开发面积，且之前没有进行过水平钻探。

弗里霍尔德表示，该公司在盆地最受关注的台地 Lower Spraberry、Wolfcamp A 和 Wolfcamp B 区域都拥有很大的运行空间。

这笔交易还使 Freehold 能够更多地接触所谓的“第二代”替补席，包括 Middle Spraberry、Jo Mill、Dean、Wolfcamp C 和 Wolfcamp D 间隔。

该公司还在米德兰新兴台地中看到了机遇，比如 Clear Fork、 Upper Spraberry和更深的 Barnett 页岩。

随着 Freehold 在过去五年中发展成为北美特许权使用公司，米德兰盆地已成为其投资组合的重要组成部分。交易完成后，米德兰盆地将占 Freehold 美国总产量的 50% 左右，占公司总产量的 20% 左右。

该公司最大的三大油田分别是米德兰盆地（预计每天 3,250 桶油当量）、鹰福特页岩（每天 2,400 桶油当量）和加拿大重油资产（每天 1,300 桶油当量）。

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矿产市场正在增长但需要扩大规模和整合

Freehold Royalties has agreed to acquire Midland Basin mineral and royalty interests for CA$216 million (US$152 million), the latest transaction among firms scouring the lucrative Permian Basin for deals.

The acquisition from a private seller includes around 1,300 boe/d of net production, 244,000 gross drilling acres and around $31 million in annual net royalty revenue, Calgary-based Freehold said Dec. 9.

Around 95% of the production is operated by Exxon Mobil Corp. and Diamondback Energy, and 16 rigs are currently active on the acquired assets.

Freehold’s transaction will boost its Midland Basin portfolio by 35% and positions the company to capture one in every three rigs active in the Midland Basin. Most of the acreage is in Martin and Midland counties, Texas.

The deal comes as mineral and royalty companies focused on acquiring Permian acreage in 2024. Texas Pacific Land Corp. is among several firms active in the Permian, striking a pair of deals—one in August and another in October—to buy interests in the Midland and Delaware basins for a combined $455 million. Also in October, Diamondback Energy subsidiary Viper Energy closed on Midland mineral and royalty interests in a deal valued at $915 million.

In January, Freehold itself closed a pair of transactions in the Midland and Delaware basins in Texas and New Mexico for CA$116.2 million (US$82 million).

“This acquisition is a successful reflection of our disciplined approach to strategic M&A, in an area we know well and further builds on the two core Midland Basin acquisitions we closed earlier this year,” said David Spyker, president and CEO at Freehold.

After closing, 50% of Freehold’s Midland Basin production will be operated by Exxon Mobil; Diamondback will operate around 11%.

Freehold plans to finance the transaction with CA$125.1 million (US$88.25 million) in equity financing and its existing credit facilities.

The transaction includes significant “white space” across drilling spacing units (DSUs), with about 25% of the acquired acreage characterized as undeveloped with no previous horizontal drilling, Freehold said.

Freehold said it has significant running room across the basin’s most targeted benches, the Lower Spraberry, Wolfcamp A and Wolfcamp B zones.

The deal also gives Freehold greater exposure to so-called “second generation” benches, including the Middle Spraberry, Jo Mill, Dean, Wolfcamp C and Wolfcamp D intervals.

And the company also sees opportunity in emerging Midland benches like the Clear Fork, Upper Spraberry and deeper Barnett shale.

As Freehold has evolved over the past five years into a North American royalty player, the Midland Basin has emerged as a key part of the portfolio. After closing, the Midland Basin will make up around 50% of Freehold’s total U.S. production and around 20% of companywide output.

The company’s top three plays are the Midland Basin (3,250 boe/d pro forma), the Eagle Ford Shale (2,400 boe/d) and Canadian heavy oil assets (1,300 boe/d).

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