據油價網2023年8月21日報道，美國獨立綜合油氣公司二疊紀資源公司和美國獨立油氣勘探生產公司Earthstone能源公司8月21日表示，兩家公司已經簽署了一項協議，前者將以45億美元的全股票交易收購后者，預計這將在二疊紀的特拉華盆地創造一個價值140億美元的主要頁巖生產商。

這筆全股票交易的價值包括了Earthstone能源公司的凈債務。

根據交易條款，Earthstone能源公司每股普通股將兌換二疊紀資源公司1.446股普通股。

兩家公司表示，這筆交易預計將提升二疊紀資源公司作為特拉華盆地獨立勘探開發運營商的領先地位，二疊紀資源公司在二疊紀盆地擁有超過40萬英畝的凈探區面積，預計油氣日產量約為30萬桶油當量。

這筆交易將增加現金流，并將立即增加二疊紀資源公司的股東回報。二疊紀資源公司計劃從2024年第一季度開始將季度基本股息提高20%，至每股0.06美元。

二疊紀資源公司聯合首席執行官詹姆斯·沃爾特表示：“在過去12個月評估了超過200億美元的潛在交易后，我們堅信收購Earthstone能源公司是二疊紀資源公司的最佳交易。它滿足了所有條件，提高了股東價值，同時改善了一家已經是一流的公司。”

這筆交易是二疊紀盆地一系列交易中的最新一筆，該交易在第二季度重新成為美國上游交易市場的熱點。

知名咨詢機構Enverus情報研究公司(EIR)在上個月的一份季度報告中稱，第二季度美國上游并購活動蓬勃發展，共達成20筆交易，交易額達240億美元，二疊紀盆地重新成為并購活動的中心。

EIR表示，雪佛龍公司收購了以科羅拉多州DJ盆地為主的生產商PDC能源公司。

EIR董事安德魯·迪特馬爾表示:：“在今年年初相對平靜之后，第二季度二疊紀盆地并購活動出現了迅猛復蘇。”

李峻 譯自 油價網

原文如下：

Latest U.S. Upstream Merger To Create $14-Billion Permian Producer

Permian Resources has signed a deal to buy Earthstone Energy in an all-stock deal valued at $4.5 billion, which is expected to create a $14-billion premier producer in the Delaware basin in the Permian, the companies said on Monday.

The value of the all-stock deal is inclusive of Earthstone’s net debt.

Under the terms of the transaction, each share of Earthstone common stock will be exchanged for 1.446 shares of Permian Resources common stock.

The deal is expected to boost Permian Resources’ position as a leading Delaware Basin independent E&P operator with more than 400,000 Permian net acres, and pro forma production of around 300,000 barrels of oil equivalent per day (boed), the companies said.

The transaction will boost cash flows and will be immediately accretive to Permian Resources’ returns to shareholders. The company plans to increase its quarterly base dividend by 20% to $0.06 per share beginning with its first-quarter 2024 dividend.

“After evaluating over $20 billion of potential transactions during the past twelve months, we firmly believe the acquisition of Earthstone represented the best transaction for Permian Resources. It checks all the boxes, enhancing shareholder value while improving upon an already best-in-class company,” said James Walter, Co-CEO of Permian Resources.

The transaction is the latest of a series of deals in the Permian, which returned in the second quarter as the hottest spot for the U.S. upstream deal-making market.

During the second quarter, U.S. upstream mergers and acquisitions boomed with $24 billion transacted in 20 deals, with the Permian returning to its usual position as the center of M&A activity, Enverus Intelligence Research (EIR) said in a quarterly report last month.

Chevron’s purchase of primarily DJ-focused producer PDC Energy was one notable exception to this Permian-centric quarter, Enverus said.

“The second quarter saw a thunderous return to Permian M&A after a relatively quiet start to the year,” said Andrew Dittmar, director at Enverus.