Carrizo Pounces On Delaware Basin Acreage For $648 Million
Transaction Type
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
$648.0MM
Description
Acquired Delaware Basin properties covering 23,656 gross (16,488 net) acres in Reeves and Ward counties, TX, and net production of about 8,000 boe/d (48% oil, 67% liquids); agreement includes up to $125 MM in contingency payments.
Carrizo Pounces On Delaware Basin Acreage For $648 Million
Carrizo’s Delaware Deal Came After Skepticism, Russian Intrigue, Underbidding