Occidental Sells Permian Acreage to Colgate for $508 Million
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
$508.0MM
Description
Acquired roughly 25,000 net acres in the Permian in Reeves and Ward counties, TX, within the southern Delaware Basin with current production of approximately 10,000 boe/d from about 360 active wells.