Vital Energy, Northern Oil and Gas To Acquire Point Energy's Delaware Basin Assets for $1,1B In Cash
Vital Energy, Northern Oil and Gas To Acquire Point Energy's Delaware Basin Assets for $1,1B In Cash
Vital Energy, Inc. (NYSE:VTLE) ("Vital Energy" or the "Company") today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Point Energy Partners ("Point"), a Vortus Investments portfolio company. The transaction will significantly increase the Company's operational scale and footprint in the Delaware Basin and add high-value development inventory.
Vital Energy, Inc.（纽交所：VTLE）（“Vital Energy”或“公司”）今日宣布，签署一份明确的联合购买和销售协议，以收购Point Energy Partners（“Point”）的资产，Point为Vortus Investments投资组合公司。该交易将大大增加公司在特拉华盆地的运营规模和业务范围，并增加高价值的开发库存。
The agreement was signed in partnership with Northern Oil and Gas, Inc. (NYSE:NOG) ("NOG"). Under the terms of the agreement, the two companies will acquire Point Energy's assets in an all-cash transaction for total consideration of $1.1 billion. Vital Energy agreed to acquire 80% of Point's assets, with NOG acquiring the remaining 20%. The transaction is expected to close by the end of the third quarter of 2024 with an effective date of April 1, 2024, subject to customary closing conditions.
该协议是与北方石油和天然气公司（NYSE:NOG）（“NOG”）合作签署的。根据协议的条款，两家公司将以现金收购Point Energy的所有资产，总交易对价为11亿美元。Vital Energy同意收购Point资产的80％，NOG收购剩余的20％。交易预计将于2024年第三季度结束，并在2024年4月1日生效，但需遵循惯例的交割条件。
Closing price adjustments are expected to total approximately $75 million, reducing total consideration to approximately $1.025 billion. Vital Energy expects to fund its $820 million portion, net of expected purchase price adjustments, through the use of its credit facility, which was recently expanded to $1.5 billion. Wells Fargo, National Association has committed to the increased elected commitment upon closing of the transaction.
预计股价调整总计约为7500万美元，总交易对价将降至约10.25亿美元。Vital Energy预计通过其信贷工具筹集净价值8200万美元的部分支付，该信贷工具最近扩大至15亿美元。交易结束时，Wells Fargo National Association已承诺增加选定的承诺。
Vital Energy plans to host a conference call and webcast at 8:00 a.m. CT on Monday, July 29, 2024. Supplemental slides have been posted to the Company's website.
Vital Energy计划于2024年7月29日上午8:00在中央时间举行电话会议和网络直播。补充幻灯片已发布在公司网站上。