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Callon Acquires 19,000 Net Acres from Cimarex for $545 MIllion
Announced Date
May 25,2018
Deal Value $
544,500,000
Net Acres
18,925
Location Count
212
Transaction Type
Property
Buyer
Seller
Price Per BOE $
40,000
Location
Multiples
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Ward ,Pecos
Play
Production Production
6,831 Boe/d
Production Mix
73 % Oil
Multiples
Production ($/boe/d)
79,710
$Price/Net Acre
28,771
$Price/Adj. Net Acre
14,333
$/Location
1,279,528
Adj. $/acre is based on production
@40,000 Boe/d
Transaction Details:
Callon Petroleum annouced that the company is acquiring 28,657 net acres in Ward and Peco County, Texas for $545 million in cash (as of the Sept. 4, 2018 closing). The properties are producing 6,831 boe/d (73% oil) and they have identified 212 net horizontal drilling locations targeting the 3rd Bone Spring, Wolfcamp A and Wolfcamp B zones.
Acquisition Metrics
- Purchase Price : $545 million
- Net Daily Production : 6,831 Boe/d
- Net Acres :18,925 (Wolfcamp)
- Net Delinated Horizontal Locations : 212
Acquisition Maps
The pending acquisition is expected to close on or before September 10, 2018
Permian - Delaware Basin Deal Activity In Last 12 Months
Announced Date | Buyer | Seller | Deal Value($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 | $/acre |
---|---|---|---|
Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - | - |
Nov-21-2023 | Northern Oil Acquires Additional Permian Working Interest; Enters Utica | - | - |
Aug-21-2023 | Permian Resources Acquires Earthstone Energy | - | - |
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
May-24-2021 | - | - | Click here | Texas | E&P |
May-18-2021 | - | - | Click here | Oklahoma | E&P |
Nov-19-2018 | - | - | Click here | Texas | E&P |
Aug-26-2014 | - | - | Click here | Texas | E&P |
Aug-26-2014 | - | - | Click here | Texas | E&P |
Other Callon Petroleum Co. Deals
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jan-04-2024 | - | - | Click here | Texas | E&P |
May-03-2023 | - | - | Click here | Texas | E&P |
Oct-11-2021 | - | - | Click here | Texas | E&P |
Aug-09-2021 | - | - | Click here | Texas | E&P |
Oct-01-2020 | - | - | Click here | Texas | E&P |