Centennial Resource Development Sells Off Permian Water Assets For $225 Million

Transaction Type
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Estimated Price
225MM
Description

To acquire Centennial's southern Delaware Basin produced water infrastructure in Reeves County, TX; includes $150 MM in upfront cash and additional $75 MM incentive payments over 3-year period.

Editor's note: This transaction was announced terminated by Centennial on May 15, 2020.