One-Page Deal Sheet
Concho Acquires Nothern Delaware Acreage From Endurance Resources
Concho Resources, Inc. Endurance Resources Llc
Announced Date
November 21,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
430
Asset/Basin:
{"Permian Basin","Delaware Basin"}
TargetZones:
{"Avalon Shale","Wol
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Lea ,Eddy
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Concho Resources has reached a definitive agreement to acquire approximately 24,000 gross (16,400 net) acres in the northern Delaware Basin for approximately $430 million from Endurance Energy.
Acquisition Highlights
Includes approximately 2.5 MBoepd (69% oil) of current production Expands position in Red Hills area by more than 25% to approximately 47,000 net acres Doubles long-lateral drilling inventory in Red Hills Provides significant development upside across multiple, de-risked zones Accretive to cash flow per share and leverage neutralConsideration in the transaction includes…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |