Centennial, Colgate strike $7bn merger agreement
Centennial will absorb fellow Delaware Basin producer Colgate following the merger of equals agreement.
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Centennial will absorb fellow Delaware Basin producer Colgate following the merger of equals agreement.
The $7 billion “merger of equals transaction” of Centennial Resource Developement and Colgate Energy will create the largest pure-play E&P company in the Delaware Basin of the Permian.
The latest merger in the U.S. shale patch has created a $7 billion giant that will be the largest pure-play E&P company in the Delaware Basin
The combined company will be a E&P company with 180,000 net leasehold acres and 40,000 net royalty acres.
Centennial Resource Development Inc. and Colgate Energy Partners III LLC agreed to a roughly $7 billion merger of equals that would create what may be the