One-Page Deal Sheet
Centennial Resources Enters Northern Delaware Basin; Acquires GMT For $350 Milliion Cash
Not Disclosed Not Disclosed
Announced Date
May 01,2017
Close Date
June 08,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
350
Asset/Basin:
{"Delaware Basin"}
TargetZones:
{"Avalon Shale","1st
Net Acres
11,860 ( 67% HBP, 79% Operated )
% Oil:
77 % oil
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Lea
Play
Production Production
2,100 Boe/d
Production Mix
77 % Oil
Calculated Metrics( EV/Category)
$/ Flowing
166,667
$/ Acre
29,511
$/Location
1,372,549
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)
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