One-Page Deal Sheet
Centennial Sells Off Delaware Basin Asset for $101 Million
Henry Resources Llc, Pickering Energy Partners Permian Resources Corp.
Announced Date
November 03,2021
Close Date
December 01,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
101
Asset/Basin:
["Delaware Basin", "Permian Basin"]
TargetZones:
[]
Net Acres
% Oil:
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
Transaction Details: Subscribe to see
Centennial Resource Development has entered into a definitive agreement with to affiliates of Henry Resources LLC and Pickering Energy Partners LP for the sale of assets in the Delaware Basin for a cash purchase price of $101 million.
This deal closed on December 1, 2021.
Asset Overview: Acreage: 6,200 net leasehold acres in Reeves County, TX Production: Third quarter estimated average net production associated with the divested acreage was approximately 1,600 Boe/d (64% oil)“We are pleased to have monetized this acreage position given that our near-term capital is focused on other…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |