One-Page Deal Sheet
Callon / Kimmeride Signs $140 Million ORRI In Delaware Basin
Kimmeridge Energy Callon Petroleum Co.
Announced Date
October 01,2020
Effective Date
October 01,2020
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
140
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Loving ,Ward ,Reeves
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Require Private Equity Subscription
Kimmeridge came to the aid of Callon, by signing two deals. The company acquired Overriding Royalty Interest in
ORRI overview:
$140 million of gross cash proceeds received at closing 2.0% (on an 8/8ths basis) overriding royalty interest, proportionately reduced to Callon's net revenue interest, in substantially all Callon-operated oil and gas leaseholds with an effective date of October 1, 2020 ORRI burdened by ad valorem and severance taxes and post-production costs, including gathering, handling, processing, separating, treating, compression, dehydrating, transportation, and marketing…Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Sep-02-2025 |
- |
- |
Click here | Texas | E&P |
| May-07-2025 |
- |
- |
Click here | New Mexico | E&P |
| May-03-2025 |
- |
- |
Click here | New Mexico | E&P |
| Nov-13-2024 |
- |
- |
Click here | New Mexico | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | - |
- |
| Jul-28-2024 | Vital Energy Acquires Delaware Basin Property From PE-Backed E&P | - |
- |
| Jun-12-2024 | Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion | - |
- |