One-Page Deal Sheet
Silver Run Acquires Controlling Stake in Delaware Basin E&P Centennial
Silver Run Acquisition Corp Ngp Energy Capital Management Llc, Permian Resources Corp.
Announced Date
July 22,2016
Close Date
October 11,2016
Transaction Type
Corporate
Enterprise Value (EV)($MM)
1700
Asset/Basin:
{"Delaware Basin"}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin
Country
United States
State
Texas
County
Reeves ,Ward
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Riverstone-backed, Silver Run Acquisition Corporation has agreed to acquire a 89% controlling interest in Centennial Resource Production, LLC from NGP Energy Capital Management. Even though the value of the deal was not disclosed, analyst are pegging the deal value at $1.7 billion.
Centennial Highlights
Pure-play core Delaware Basin company
42,500 net acres primarily in Reeves and Ward counties
Approximately 7,200 boe/d of net production
48.6 MMboe of net proved reserves as of June 2016 based on internal estimates
Stacked pay consisting of 5 currently producing shale zones with upside for 7 more
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
- |