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One-Page Deal Sheet

Carrizo Inks $215MM Cash Deal for Devon's Non-Core Delaware Basin Assets

Carrizo Oil & Gas Inc. Devon Energy Corp
AnnouncedAug 14, 2018
TypeProperty
LocationDelaware Basin
Announced Date
August 14,2018
Effective Date
April 01,2018
Close Date
October 17,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
215




Snapshot
Asset/Basin:
{"Delaware Basin"}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
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% Oil:
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Net Operated Locations:
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Location
Region
Permian - Delaware Basin

Country
United States

State
Texas

County
Reeves ,Ward

Play
Delaware Basin


Production
Production
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Production Mix
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/Location
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Transaction Details:  Subscribe to see

Carrizo Oil & Gas has agreed to acquire Delaware Basin properties from Devon Energy for $215 million in cash.

This deal closed on October 19, 2018.

Deal Highlights: Approximately 10,600 gross (9,600 net) acres located in the Delaware Basin in Reeves and Ward counties, with the majority of the position adjacent to the Company's existing acreage Over 90% of net acreage operated Net production of approximately 2,500 Boe/d (60% oil) More than 100 net potential de-risked drilling locations identified across the Wolfcamp A and B based on 7,000-ft. laterals, with significant upside potential…

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Permian - Delaware Basin Deal Activity In Last 12 Months


Other Permian - Delaware Basin Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
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

Price History


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 - -