150多家北美勘探与生产公司濒临破产边缘

据钻机地带8月24日报道，除非价格进一步上涨，否则约有150多家北美勘探与生产（E＆P）公司将需要在2022年结束之前寻求申请破产保护。

根据雷斯塔德能源公司(Rystad Energy) 的估计，如果WTI价格保持在每桶40美元，今年将有29家北美E&P公司提交破产申请，2021年将有68家，2022年57家。

雷斯塔德能源公司强调，如果申请破产保护的预测得以实现，这将使2020-2022年北美E&P公司申请破产的总数接近190家，而2015-2019年五年期为207家。该公司指出，这也将使北美申请破产公司2020-2022年的总债务达到约1680亿美元，比2015-2019年记录的1220亿美元高36%。

雷斯塔德能源概述称，疫情给北美的上游产业增加了“严重的财政压力”，该行业已经被数十亿美元的债务“缠绕”。

雷斯塔德能源页岩研究负责人Artem Abramov在发送给钻机地带(Rigzone)的公司声明中表示，尽管油价上涨至每桶40美元，WTI挽救了许多E＆P公司，并阻止了6月-7月的早期破产申请提交，但当前的价格环境对于中期的大量E＆P公司而言还是不够的。

他在声明中补充称，由于WTI设定每桶50美元以上的对冲计划将于今年下半年到期，除非WTI价格进一步回升，否则我们预计该行业将面临更大的财务压力。

雷斯塔德能源表示，其E&P第11章模式是基于现金流量分析，涵盖了大约10,000活跃的北美石油和天然气E&P。据雷斯塔德能源称，该模式旨在展现宏观层面的前景，而不是着眼于单个公司的洞察力。

郝芬 译自 钻机地带

原文如下:

150+ North American Producers in Chapter 11 Risk

Unless prices strengthen further, about 150 more North American exploration and production (E&P) companies will need to seek Chapter 11 protection through 2022.

That’s according to Rystad Energy, which estimated that, if WTI prices remained at $40 per barrel, 29 North American E&P Chapter 11 filings would take place this year, 68 in 2021 and 57 in 2022.

Rystad Energy highlighted that if its Chapter 11 forecasts materialize, this would bring the total number of North American E&P filings for 2020-2022 to nearly 190, compared to 207 during the five-year period of 2015-2019. The company noted that this would also bring total Chapter 11 North American E&P debt for 2020-2022 to about $168 billion, which it stated is 36 percent higher than the $122 billion recorded in 2015-2019.

The Covid-19 pandemic has added “severe financial strain” on a North American upstream industry that was already “reeling” under billions of dollars of debt, Rystad Energy outlined.

“While an improvement in oil prices towards $40 per barrel WTI saved a significant number of E&Ps and prevented early Chapter 11 filings in June-July, the current price environment is in no way sufficient for a large number of E&Ps in the medium-term,” Rystad Energy’s head of shale research Artem Abramov said in a company statement sent to Rigzone.

“As hedging programs set at WTI $50+ per barrel expire in the second half of this year, we anticipate greater financial pressure on the industry unless WTI prices recover further,” he added in the statement.

Rystad Energy says its E&P Chapter 11 model is based on a cash flow analysis covering about 10,000 active North American oil and gas E&Ps. The model is designed to present a macro-level outlook rather than look at individual company insights, according to Rystad Energy.