Rosehill Acquires Pecos County Acreage for $78 Million
Multiples
Transaction Details:
Rosehill Resources has agreed to acquire 4,565 undeveloped acres in Pecos county for a purchase price of $78 million from Whitehorse Energy LLC. The property is currently producing some 40 boe/d. The company has identified that the property contains some 325 locations.
The deal closed on December 14, 2017.
J.A. (Alan) Townsend, Rosehill’s President and Chief Executive Officer, commented, “We believe this acquisition demonstrates our continued commitment to grow our strong acreage position in the rapidly evolving Delaware Basin. We are excited to acquire an attractive acreage position in Pecos County at less than $500,000 per drilling location. We are confident in our operational capabilities, which will help us to maximize value and generate sustainable growth. We believe this acquisition is accretive to Rosehill and the full cycle economics will compete favorably with other parts of the Delaware Basin.”
Townsend added, “This deal provides meaningful growth to our portfolio by more than doubling our acreage and drilling locations. We are very encouraged by offset operator results and our geological assessment indicates an anomalously thick Wolfcamp A/B interval with reservoir properties analogous to the Reeves County Core. There is potential across multiple stacked zones. We believe there is tremendous value in our Delaware Basin assets and we are very excited about this opportunity to add substantial value for our shareholders.”
Permian - Delaware Basin Deal Activity In Last 12 Months
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Dec-15-2023 | - | - | Click here | Texas | E&P |
Sep-13-2023 | - | - | Click here | Texas | E&P |
Jun-20-2023 | - | - | Click here | New Mexico | E&P |
May-03-2023 | - | - | Click here | Texas | E&P |
Jan-24-2023 | - | - | Click here | New Mexico | E&P |
Date | Deal Headline | Price | $/acre |
---|---|---|---|
Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - | - |
Nov-21-2023 | Northern Oil Acquires Additional Permian Working Interest; Enters Utica | - | - |
Aug-21-2023 | Permian Resources Acquires Earthstone Energy | - | - |
Other Rosehill Resources Inc. Deals
Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
---|---|---|---|---|---|
Jul-28-2021 | - | - | Click here | Texas | E&P |
Dec-22-2017 | - | - | Click here | Texas | E&P |
Nov-03-2017 | - | - | Click here | Texas | E&P |
Dec-20-2016 | - | - | Click here | Texas | E&P |