One-Page Deal Sheet
Empire Acquires Delaware Basin Assets from Exxon for $17.8MM
Empire Petroleum Corp. ExxonMobil, XTO Energy Inc.
Announced Date
May 18,2021
Effective Date
January 01,2021
Close Date
May 14,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
18
Asset/Basin:
["Permian Basin", "Central Basin Platform"]
TargetZones:
["Queen", "San Andre
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
New Mexico
County
Lea
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Empire Petroleum Corp. has acquired producing oil and gas assets and related gathering assets located in Lea County, New Mexico through its wholly owned subsidiary, Empire New Mexico LLC.
The assets were acquired from ExxonMobil subsidiary XTO Holdings, LLC. The purchase price is $17.8 million.
Deal Details: Acreage: 40,000 net Wells: 700 gross gross oil, gas, and injector wells Production: 1,100 net BOEPD (60% oil) Other details:The Eunice Monument (also "EMSU") and Arrowhead Grayburg fields (also "AGU") are located on the northwestern edge of the Permian Basin's Central Basin…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |