One-Page Deal Sheet
Halcon Enters the Delaware Basin; Inks $705MM Deal for Acreage
Battalion Oil Corp. Samson Exploration LLC
Announced Date
January 25,2017
Effective Date
November 01,2016
Close Date
February 28,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
705
Asset/Basin:
{"Permian - Delaware Basin"}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Pecos ,Ward ,Reeves
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Halcon Resources has signed a deal to acquire 20,748 net acres in the Southern Delaware Basin for $705 million with a November 1, 2016 effective date, in addition to entering into an option agreement to purchase an additional 15,040 net acres in Ward County, Texas from a private operator for $11,000/acre.
The seller is Samson Exploration LLC.
Acquisition Highlights
Attractive acquisition price of ~$20,000/acre (assuming Ward County Option is exercised in full) A significant percentage of the acreage has been de-risked by recent drilling on and around acreage ~85% average working interest and…Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |