加拿大新月点能源公司将以5亿美元出售北达科他州资产

据钻机地带网站8月25日报道，加拿大油气勘探公司新月点能源公司(Crescent Point Energy Corp.)将以5亿美元的价格将其北达科他州资产出售给一家未披露身份的私人运营商。

新月点能源在新闻发布会上表示，2023年第二季度，该资产的总产量约为每天2.35万桶油当量，其中89%为石油和液体，按西得克萨斯中质原油约75美元/桶的价格计算，年化净营业收入约为3.75亿美元。

“这笔交易使我们能够在有限的可扩展性领域实现未来价值，同时立即提高我们的财务状况”。

由于与资产相关的钻井库存有限，Crescent Point预计到2027年，北达科他州的产量将降至1.8万桶/天，并在未来几年进一步下降。

根据新闻稿，该交易预计将于2023年第四季度完成，但须获得监管机构的批准并满足惯例成交条件。

新月点能源称，该交易使其能够“提高资产的预期未来价值，因为收益相当于公司长期发展计划中按当前商品价格预计这些资产在五年内的累计超额现金流”。

新月点能源总裁兼首席执行官Craig Bryksa表示，在过去几年里，我们采取了几项战略措施来优化我们的投资组合。这笔交易使我们能够在可扩展性有限的领域实现未来价值，同时立即提高我们的财务状况，并增加我们对核心运营领域的关注。

新月点能源计划用这笔交易的收益加速偿还债务。根据新闻稿，按当前大宗商品价格计算，到2023年底，该公司的预计净债务总额预计将低于22亿美元，即不到调整后资金流的1.0倍，低于第二季度末的30亿美元。

新月点能源将其2023年的年平均产量指导值下调至15.6万-16.1万桶油当量/天，与之前指导范围的中点相比，减少了约4500桶油当量/天。该公司表示，修订后的年度预测包括与交易相关的生产影响，全年剩余资产的产量约为0.1万桶油当量/天。

新月点能源表示，其还将2023年的开发资本支出指导减少约7390万美元（1亿加元），这反映出交易结束后预计将用于北达科他州资产的资本被取消。

自2018年以来，新月点能源在Kaybob Duvernay和Alberta Montney收购了22.2亿美元（30亿加元）的优质资产，这些资产主要通过约20亿美元（27亿加元）非核心资产处置获得资金。该公司表示，这些交易增强了该公司的长期每股指标，符合其专注于库存深度大的高回报资产的战略。

与此同时，Crescent Point在财报中表示，该公司第二季度净利润为1.569亿美元(2.123亿加元)，而去年同期为2.45亿美元(3.315亿加元)。

Crescent Point第二季度的平均产量为15.5031万桶油当量/天，其中包括与最近野火有关的Kaybob Duvernay停工造成的约0.7万桶油当量的影响。Crescent Point表示，由于该公司上半年Kaybob Duvernay资产的“强大的运营执行力和生产业绩”，该公司能够在资本支出预算保持不变的情况下维持其年度平均生产指导。

Bryksa表示，“我们第二季度和年初至今的业绩证明了我们构建资产组合和为股东创造长期回报的战略方针。通过最近对Alberta Montney的收购，我们加强了高回报、可扩展钻井地点的投资组合，同时提高了每股指标和资本回报率。此次收购还为我们提供了通过提高生产力、提高成本效率和增加储备，为股东创造额外价值的机会”。

郝芬 译自 钻机地带网站

原文如下：

Crescent Point to Sell North Dakota Assets for $500MM

Crescent Point Energy Corp. is selling its North Dakota assets for $500 million to an undisclosed private operator.

In the second quarter of 2023, the assets had gross production of approximately 23,500 barrels of oil equivalent per day (boepd), 89 percent of which were oil and liquids, with an annualized net operating income of approximately $375 million at a West Texas Intermediate price of approximately $75 per barrel, Crescent Point said in a news release Thursday.

With the limited drilling inventory associated with the assets, Crescent Point said it expects the production in North Dakota to decrease to 18,000 boepd by 2027 and decline further in future years.

The transaction is projected to close in the fourth quarter of 2023, subject to the receipt of regulatory approvals and the satisfaction of customary closing conditions, according to the news release.

Crescent Point said the transaction allows it to “bring forward the expected future value of the assets, as the proceeds equate to over five years of the cumulative excess cash flow that was expected from these assets within the company's long-term development plan at current commodity prices”.

"Over the last few years, we have taken several strategic steps to optimize our portfolio", Crescent Point President and CEO Craig Bryksa said. "This transaction allows us to realize future value for an area with limited scalability while immediately enhancing our financial position and increasing our focus on our core operating areas."

Crescent Point plans to accelerate its debt repayment with the proceeds from the transaction. The company's pro-forma net debt is expected to total less than $2.2 billion, or less than 1.0 times adjusted funds flow, at year-end 2023 at current commodity prices, down from $3.0 billion at the end of the second quarter, according to the release.

Crescent Point is lowering its 2023 annual average production guidance to between 156,000 and 161,000 boepd, which represents a reduction of approximately 4,500 boepd in comparison to the midpoint of its prior guidance range. The company's revised annual forecast includes the production impact associated with the transaction, net of approximately 1,000 boepd of production outperformance from its remaining assets throughout the year, it said.

Crescent Point said it is also decreasing its development capital expenditures guidance for 2023 by approximately $73.9 million (CAD 100 million) reflecting the removal of capital that was expected to be spent on the North Dakota assets following the closing of the transaction.

Crescent Point has acquired $2.22 billion (CAD 3.0 billion) of high-quality assets in the Kaybob Duvernay and Alberta Montney since 2018 that were primarily funded through approximately $2 billion (CAD 2.7 billion) of non-core dispositions. These transactions have enhanced Crescent Point's long-term per-share metrics and are consistent with its strategy of focusing on high-return assets with significant inventory depth, the company said.

Meanwhile, Crescent Point reported a net income of $156.9 million (CAD 212.3 million) for the second quarter, compared to $245 million (CAD 331.5) million for the prior-year quarter, the company said in an earnings release.

The company said it generated $205.45 million (CAD 278 million) in excess cash flow in the second quarter, supporting its debt reduction and return of capital to shareholders.

Crescent Point’s average production in the second quarter was 155,031 boepd, which included the impact of approximately 7,000 boepd from downtime in the Kaybob Duvernay related to recent Alberta wildfires. Due to the company's “strong operational execution and production outperformance” from its Kaybob Duvernay asset in the first half of the year, Crescent Point said it was able to maintain its annual average production guidance with its capital expenditures budget remaining unchanged.

"Our second quarter and year-to-date results demonstrate our strategic approach to building our asset portfolio and generating long-term returns for shareholders", Bryksa said. "Through our recent Alberta Montney acquisition, we have bolstered our portfolio of high-return, scalable drilling locations while enhancing our per-share metrics and return of capital profile. This acquisition also provides us with the opportunity to create additional value for shareholders over time through productivity enhancements, cost efficiencies, and reserves growth."