Permian Operators Colgate, Centennial to Combine in $7 Billion Merger
Transaction Type
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Close Date
Estimated Price
$3,900.0MM
Description
Acquired in a merger of equals transaction Midland, TX-based Colgate Energy to create the largest pure-play E&P company in the Delaware Basin of the Permian with approximately 180,000 net leasehold acres and 135,000 boe/d of current production.