Cimarex To Acquire Delaware Basin ‘Bolt-on’ Resolute Energy For $1.6 Billion
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
1.6BB
Description
Acquired Denver-based Resolute which controls 21,100 net acres (89% HBP) within the Delaware Basin in Reeves County, TX, with an average 79% WI (97% operated) and average production of about 34,752 boe/d during 3Q 2018.