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Centennial Resources Enters Northern Delaware Basin; Acquires GMT For $350 Milliion Cash
Announced Date
May 01,2017
Deal Value $
350,000,000
Net Acres
11,860
Location Count
255
Transaction Type
Property
Buyer
Seller
Price Per BOE $
40,000
Location
Multiples
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Lea
Play
Production Production
2,100 Boe/d
Production Mix
77 % Oil
Multiples
Production ($/boe/d)
166,667
$Price/Net Acre
29,511
$Price/Adj. Net Acre
22,428
$/Location
1,043,137
Adj. $/acre is based on production
@40,000 Boe/d
Transaction Details:
NGP-backed Centennial Resource is acquiring GMT Exploration Northern Delaware Basin property for $350 million in cash. The Deal overview, 11, 860 net acres in Lea County, (79% operated, currently producing 2,100 boe/d (77% oil)
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| 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 |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |
| Nov-21-2023 | Northern Oil Acquires Additional Permian Working Interest; Enters Utica | - |
- |
| Aug-21-2023 | Permian Resources Acquires Earthstone Energy | - |
- |
Other Permian Resources Corp. Deals
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-21-2023 |
- |
- |
Click here | New Mexico | E&P |
| Jan-17-2023 |
- |
- |
Click here | New Mexico | E&P |
| May-19-2022 |
- |
- |
Click here | Texas | E&P |
| Nov-03-2021 |
- |
- |
Click here | Texas | E&P |
| Nov-05-2018 |
- |
- |
Click here | New Mexico | E&P |