Carrizo Pounces On Delaware Basin Acreage For $648 Million
Transaction Type
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
648MM
Description
Acquired Delaware Basin properties covering 23,656 gross (16,488 net) acres in Reeves and Ward counties, TX, and net production of about 8,000 boe/d (48% oil, 67% liquids); agreement includes up to $125 MM in contingency payments.
Carrizo Pounces On Delaware Basin Acreage For $648 Million
Carrizo’s Delaware Deal Came After Skepticism, Russian Intrigue, Underbidding