Permian Resources has identified more than 100 gross operated, 2-mile drilling locations on the assets. (Source: Shutterstock/ Permian Resources)
Permian Resources closed a $608 million acquisition of Delaware Basin leasehold and royalty interests from APA Corp., the company said June 16.
The deal, announced May 7, includes 13,320 net acres and 8,700 net royalty acres in Eddy and Lea counties, New Mexico. The assets are near some of the company’s core operating areas.
Production from the assets is expected to average 12,400 boe/d (46% oil) in 2025, APA has said.
Permian Resources has identified more than 100 gross operated, 2-mile drilling locations on the assets.
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