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Carrizo Acquires Delaware Basin Property From ExL for $648 Million

Announced Date
June 28,2017
Deal Value $
748,000,000
Net Acres
16,488
Location Count
350
Transaction Type
Property
Buyer
Seller
Price Per BOE $
40,000
Working Interest
70%
Source Documents:
   Source Link
   Source Link
   Source Link
Location
Region
Permian - Delaware Basin

Country
United States

State
Texas

County
Reeves ,Ward

Play


Production
Production
8,000 Boe/d

Production Mix
48 % Oil


Multiples
Production ($/boe/d)
93,500

$Price/Net Acre
45,366

$Price/Adj. Net Acre
25,958

$/Location
1,222,857

Adj. $/acre is based on production @40,000 Boe/d

Transaction Details: 

Carrizo has acquired 16,488 net acres in the Southern Delware Basin (Reeves and Ward county, tx) from Quantum Energy-backed ExL Petroleum for $648 million in cash. The asset is currently producing 8,000 boe/d (47% oil ).

Permian - Delaware Basin Deal Activity In Last 12 Months



Other Permian - Delaware Basin Region's Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Dec-15-2023 - - Click here Texas  E&P
Sep-13-2023 - - Click here Texas  E&P
Jun-20-2023 - - Click here New Mexico  E&P
May-03-2023 - - Click here Texas  E&P
Jan-24-2023 - - Click here New Mexico  E&P

Price History



Date Deal Headline Price$/acre
Jan-04-2024 APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal - -
Nov-21-2023 Northern Oil Acquires Additional Permian Working Interest; Enters Utica - -
Aug-21-2023 Permian Resources Acquires Earthstone Energy - -

Other EXL Petroleum LP Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Nov-06-2018 - - Click here Texas  E&P
Sep-10-2009 - - Click here Texas  E&P

Other Carrizo Oil & Gas Inc. Deals



Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jul-15-2019 - - Click here Texas  E&P
Aug-14-2018 - - Click here Texas  E&P
Dec-12-2017 - - Click here Texas  E&P
Nov-27-2017 - - Click here Colorado  E&P
Oct-06-2017 - - Click here Pennsylvania  E&P