Continuing the alchemy that private-equity backed teams have brought to the Permian Basin, Carrier Energy Partners LLC said it has exited the Delaware Basin after closing out two deals, including a sale to WPX Energy Inc. (NYSE: WPX) that was part of a $775 million deal in Reeves County, Texas.
Overall, Carrier sold 8,900 net acres in the two transactions, one of which was to a private, undisclosed company. The company retains assets in the Midland Basin and Eagle Ford Shale.
WPX purchased Carrier’s 49% working interest in areas of mutual interest (AMIs) operated by Panther Energy Co. II LLC as well as production and about 4,600 net acres. Including Panther’s interest, WPX acquired average production of 6,500 barrels of oil equivalent per day and 920 gross undeveloped locations.
In the second deal, Carrier sold its 49% working interest in Culberson County, Texas, also operated by Panther. Both sales closed in March, Carrier said.
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Source: Daily Dose of ShaleDirectories.com News