One-Page Deal Sheet
Callon Petroleum Acquires Primexx in $788MM Cash/Stock Deal
Callon Petroleum Co. Primexx Energy Partners
Announced Date
August 09,2021
Effective Date
July 01,2021
Close Date
October 01,2021
Transaction Type
Corporate
Enterprise Value (EV)($MM)
788
Asset/Basin:
["Delaware Basin"]
TargetZones:
[]
Net Acres
% Oil:
Net Operated Locations:
PDP PV-10 ($MM)
PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Reeves
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Residual Metrics Residual Value
Transaction Details: Require Private Equity Subscription
Callon Petroleum has signed a deal to acquire leasehold interests and infrastructure from Primexx Energy Partners.
Primexx is backed by funds from Ares, a large private equity firm.
The cash and stock transaction is valued at approximately $788 million ($440 million in cash and 9.19 million shares of CPE), representing a headline purchase price multiple of approximately $43,800 per Boe/d, based on second quarter production.
Deal Details: Location: The assets are located in Delaware Basin. Acreage: Contiguous footprint of 35,000 net acres in Reeves County Production: 2Q21 net production…Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |