Crescent Energy 完成对 Eagle Ford 的收购

Crescent Energy 价值 6 亿美元的交易增加了 75,000 英亩净土地,主要位于德克萨斯州迪米特县和韦伯县。

哈特能源员工

Crescent Energy Co. 7 月 10 日表示,该公司已以约 6 亿美元现金完成了对其现有 Eagle Ford 资产的经营权和增量运营权益的收购,但需根据惯例购买价格进行调整。

该交易于 5 月宣布,将从梅斯基特能源公司 (Mesquite Energy Inc.) 收购 Eagle Ford 页岩资产,该公司以前以桑切斯能源公司 (Sanchez Energy) 名义运营。Mesquite Energy 资产 100% 运营,占地约 75,000 连续净英亩,主要位于德克萨斯州迪米特县和韦伯县。

交易完成后,Crescent 承担了其现有的 Eagle Ford 西部油田的运营权,并计划在今年剩余时间内维持该资产的单钻机开发计划。对于2023年下半年,该公司预计此次收购将使净产量增加19,000桶油当量/天至21,000桶油当量/天,资本投资增加约4500万美元至5500万美元。

Crescent 计划在 8 月份发布第二季度财报时提供 2023 年详细的预计指引。

Crescent 首席执行官 David Rockecharlie 表示:“我们将继续执行我们的长期战略,其中包括通过增值并购机会抓住机会扩大我们在 Eagle Ford 的业务,同时保持财务实力并增强我们的资本市场影响力。” “这些交易表明我们持续致力于通过扩大规模和改善交易流动性为投资者提供长期价值。”

此外,随着之前宣布将约2800万股私人股转换为A类公众股,该公司的公众持股量从29%增至46%。两项交易均于 2023 年 7 月 3 日完成。

在交易完成的同时,Crescent 的贷款人重申该公司循环信贷额度下的借款基础为 20 亿美元,选定的承诺金额为 13 亿美元。截至 6 月 30 日,该公司循环信贷额度下的未偿还借款为 2.5 亿美元。预计收购完成后,Crescent 的循环信贷额度下未偿还约 7.9 亿美元,流动资金超过 5 亿美元。

原文链接/hartenergy

Crescent Energy Closes Eagle Ford Acquisition

Crescent Energy’s $600 million deal adds 75,000 net acres primarily located in Dimmit and Webb counties, Texas.

Hart Energy Staff

Crescent Energy Co. closed its acquisition of operatorship and incremental working interest in its existing Eagle Ford assets for approximately $600 million cash, subject to customary purchase price adjustments, the company said July 10.

The deal, announced in May, will bolt-on assets in the Eagle Ford Shale from Mesquite Energy Inc., which formerly operated as Sanchez Energy. The Mesquite Energy assets are 100% operated and span approximately 75,000 contiguous net acres, primarily located in Dimmit and Webb counties, Texas.

Following closing, Crescent assumed operatorship of its existing western Eagle Ford acreage and plans to maintain a one-rig development program on the asset through the remainder of the year. For the second half of 2023, the company estimates the acquisition will increase net production by 19,000 boe/d to 21,000 boe/d and capital investments by approximately $45 million to $55 million.

Crescent plans to provide detailed pro forma guidance for 2023 in conjunction with its second quarter earnings release in August.

“We continue to execute on our long-term strategy, which includes opportunistically growing our footprint in the Eagle Ford through accretive M&A while maintaining financial strength and enhancing our capital markets presence,” Crescent CEO David Rockecharlie said. “These transactions demonstrate our continued focus on delivering long-term value to investors through increased scale and improved trading liquidity."

In addition, the company's public float increased to 46% from 29% with the previously announced conversion of approximately 28 million private shares to Class A public shares. Both transactions closed on July 3, 2023.

Concurrent with closing, Crescent's lenders reaffirmed the company’s borrowing base under its revolving credit facility at $2 billion, with an elected commitment amount of $1.3 billion. As of June 30, the company had $250 million of outstanding borrowings under the revolving credit facility. Pro forma for the closing of the acquisition, Crescent has approximately $790 million outstanding under the revolving credit facility and over $500 million of liquidity.