One-Page Deal Sheet
Centennial and PE-Backed Colgate Combine
Permian Resources Corp. Colgate Energy Partners III LLC
Announced Date
May 19,2022
Effective Date
September 01,2022
Close Date
September 01,2022
Transaction Type
Corporate
Enterprise Value (EV)($MM)
3900
Asset/Basin:
["Delaware Basin", "Permian Basin"]
TargetZones:
["Bone Spring 2nd Sa
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Reeves ,Ward ,Winkler
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Centennial Resource Development Inc. and Colgate Energy Partners III LLC have combined in a merger of equals. Colgate is backed by Pearl Energy Investments & NGP Energy Capital.
This deal closed on September 1, 2022.
Centennial values Colgate at approximately $3.9 billion and is comprised of 269.3 million shares of Centennial stock (worth ~$1.975 billion), $525 million of cash and the assumption of approximately $1.4 billion of Colgate's outstanding net debt.
Existing Centennial shareholders will own approximately 53% of the combined company, and existing Colgate owners will own…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |