One-Page Deal Sheet
PDC Bolt-On Delaware Basin Acreage For $118 Million
PDC Energy, Inc. Fortuna Resources Holdings, LLC
Announced Date
January 04,2017
Close Date
December 30,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
118
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
Culberson ,Reeves
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
PDC Energy announced today that on December 30, 2016, it closed the acquisition of approximately 4,500 net acres in Reeves and Culberson Counties, Texas, from private equity backed Fortuna Resources Holdings, LLC a Och-Ziff Capital Management Group LLC portfolio company, for approximately $118 million in cash.
Key Metrics
Purchase Pirce : $118 Million
Acreage : 4,500 net acres
Production : 300 Boe/d
Other : Culberson & Reeves county texas, 1 DUC, 1 SWD.
PDC’s working interest in the acquired leasehold is 100 percent and PDC expects to operate 100 percent of the properties.
Current net…
Permian - Delaware Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
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Click here | Texas | E&P |
| Sep-02-2025 |
- |
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| May-07-2025 |
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Click here | New Mexico | E&P |
| May-03-2025 |
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Click here | New Mexico | E&P |
| Nov-13-2024 |
- |
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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 | - |
- |