Centennial Goes Long With Permian Deals

摘要

CENTENNIAL RESOURCE Development Inc. ran up $235.4 million in A&D in an attempt to get longer in the Delaware Basin while clearing out nonoperated acreage in Reeves County, Texas. In its fourth-quarter 2017 earnings release, Centennial said it closed a bolt-on acquisition of 4,000 net acres in Lea County, N.M., in February with OneEn-ergy Partners Operating LLC for $95 million. The deal works out to about $24,100 per acre, the company said.