Centennial and Colgate have combined in a merger of equals transaction, creating the largest Delaware Basin pure-play E&P company. The combination has brought together two operators with track records of execution and strong financial cultures to create a leading Permian Basin independent, poised to capitalize on its high-quality scaled asset base to drive significant shareholder returns.
Centennial Resource Development and Colgate Energy Complete Combination, Forming Permian Resources Corporation
MIDLAND, Texas, Sept. 01, 2022 -- Permian Resources Corporation ("Permian Resources" or the "Company") today announced the successful completion of the combination of Centennial Resource Development, Inc. ("Centennial") (NASDAQ: CDEV) and Colgate Energy Partners III,...
Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play
DENVER & MIDLAND, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement to combine in a merger of...