Callon Deal Adds Nearly 30% More Acreage In Permian

Transaction Type

Sellers

American Resource Development LLC (Ameredev)

American Resource Development Upstream LLC

American Resource Development Midstream LLC

Buyers

Callon Petroleum Co.

Basin

Permian Basin; Delaware Basin

Announce Date

Tue, 12/13/2016 - 12:00 PM

Post Date

Dec 13, 2016

Close Date

Mon, 02/13/2017 - 12:00 PM

Estimated Price

633MM

Description

Acquired about 16,700 net surface acres in S Delaware Basin in Ward County, TX; includes additional acreage in Pecos and Reeves counties, TX.

Callon Deal Adds Nearly 30% More Acreage In Permian

Callon Petroleum Closes $633 Million Southern Delaware Acquisition