One-Page Deal Sheet
Concho Buys Interests in the Wolfberry Trend
Concho Resources, Inc. Not Disclosed
Announced Date
December 22,2011
Effective Date
November 01,2011
Close Date
February 29,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
175
Asset/Basin:
{"Permian Basin"}
TargetZones:
{Wolfberry}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Country
United States
State
Texas
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Concho Resources Inc. today announced that it has entered into a definitive agreement to acquire operated interests in certain producing and non-producing assets in the Wolfberry trend in the Permian Basin from Petroleum Development Corporation for approximately $175 million, subject to customary purchase price adjustments. The Acquisition adds approximately 10,800 gross (10,200 net) acres located in Andrews, Ector and Midland Counties, Texas.
Highlights of the Acquisition:
Adds over 170 identified Wolfberry drilling locations through 40-acre spacing. Estimated proved reserves of…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Feb-18-2026 |
- |
- |
Click here | Texas | E&P |
| Feb-02-2026 |
- |
- |
Click here | Texas | E&P |
| Jan-16-2026 |
- |
- |
Click here | Texas | E&P |
| Jan-08-2026 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | -
|
15,574 |
| Feb-02-2026 | Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank | -
|
32,229 |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | -
|
8,172 |