Vitesse Energy To Acquire Lucero Energy In $222M All-Stock Deal, Driving Dividend Growth And Operational Expansion
Vitesse Energy To Acquire Lucero Energy In $222M All-Stock Deal, Driving Dividend Growth And Operational Expansion
Vitesse能源將以22200萬美元的全股票交易收購Lucero能源，推動股息增長和運營擴展。
HIGHLIGHTS
要點
- Following closing, acquisition of Lucero is expected to be immediately accretive to Vitesse's earnings, operating cash flow, free cash flow and net asset value
- Subject to board approval and closing the transaction, Vitesse expects to increase its cash dividend from $2.10 to $2.25 per share on an annualized basis
- Upon closing, this acquisition strengthens Vitesse's financial position with expected near-term Net Debt to Adjusted EBITDA ratio of ~0.3x
- The acquisition of Lucero provides Vitesse with an operational component to its strategy, as Lucero currently operates more than 65 producing wells
- Lucero operations provide flexibility in future capital spending with 2 gross (1.9 net) drilled uncompleted wells and up to 50 gross (25 net) locations in the core of the Bakken
- Vitesse is hedging a significant portion of the acquired oil production through the end of 2026
- After giving effect to the transaction, Vitesse would have had two-stream production of approximately 19.4 Mboe/d during the third quarter of 2024
- Gary Reaves, Managing Partner at First Reserve Management, LP, which owns 37% of Lucero, and director of Lucero, and M. Bruce Chernoff, Lucero's Chairman, who owns 22% of Lucero, to be nominated to join the Vitesse Board
- The Company will continue to be led by the Vitesse executive team
- 在交易完成後，收購Lucero預計將立即提高Vitesse的收益、運營現金流、自由現金流和淨資產價值。
- 在董事會批准和交易完成的情況下，Vitesse預計將其現金分紅從每股$2.10提高到每股$2.25，按年計算。
- 在交易完成後，此次收購將加強Vitesse的財務狀況，預計近期的淨債務與調整後EBITDA比率約爲0.3倍。
- Lucero的收購爲Vitesse的策略提供了一個運營組成部分，因爲Lucero目前運營着超過65口生產井。
- Lucero的運營爲未來的資本支出提供了靈活性，擁有2個總（1.9個淨）鑽井未完成的井和最多50個總（25個淨）位置在Bakken核心區。
- Vitesse正對收購的石油生產的大部分進行對沖，直到2026年底。
- 在交易生效後，Vitesse在2024年第三季度的總生產量預計將達到約19.4 Mboe/d。
- 加里·裏弗斯，First Reserve Management, LP的管理合夥人，持有Lucero 37%的股份，同時也是Lucero的董事；m.布魯斯·切爾諾夫，Lucero的主席，擁有Lucero 22%的股份，將被提名加入Vitesse董事會。
- 公司將繼續由Vitesse執行團隊領導。
譯文內容由第三人軟體翻譯。
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