One-Page Deal Sheet
Colgate Bolts On 22,000 Net Acres in the Delaware Basin for $190MM
Colgate Energy Partners III LLC Not Disclosed
Announced Date
November 08,2021
Effective Date
September 01,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
190
Asset/Basin:
["Permian Basin", "Delaware Basin"]
TargetZones:
[]
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Eddy ,Lea
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Colgate Energy Partners III, LLC has entered into a deal to purchase approximately 22,000 net acres directly offset Colgate’s existing position in Eddy and Lea Counties for $190 million.
The seller was not disclosed.
Transaction Highlights: ~22,000 net acres in Eddy and Lea Counties, the majority of which is directly offset Colgate’s legacy Parkway operating area - see map belowThe acquired acreage has an average 8/8ths net revenue interest of over 80% Acreage is over 95% operated with a ~78% average working interest Current estimated average net daily production of ~750 Boepd Colgate’s…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |