Concho Trades Delaware Basin Acreage For Midland Basin Assets
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin; Midland Basin
Field
Mabee Ranch; New Mexico Shelf
Announce Date
Post Date
Close Date
Estimated Price
MM
Description
Acquired about 21,000 net acres currently producing 5,000 boe/d in the Midland Basin through an exchange for its 32,000 net acres in the northern Delaware Basin; trade enhances Concho's core development area in Mabee Ranch in the Midland Basin and adds WI to certain operated properties in Upton County, TX, and in NM Shelf. (Closed February)
[Editor's note: additional information provided by BMO Capital Markets.]