PDC, SRC Energy To Combine In $1.7 Billion All-Stock Merger
Transaction Type
Sellers
Buyers
Basin
D-J Basin; Permian - Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
$1,700.0MM
Description
Acquired Denver-based SRC Energy, which holds roughly 86,000 net acres in the D-J Basin's Wattenberg Field, nearly 100% of which is located in Weld County, CO, through all-stock transaction; includes assumption of about $685 MM in net debt.