Current CDEV Stock Info

$855 million purchase gives Centennial about 77,000 acres in one of America’s hottest oil plays
Denver-based Centennial Resource Development (ticker: CDEV) announced Monday that it has agreed to acquire 100% of the leasehold interests and related upstream assets from Silverback Exploration. Privately-held Silverback’s 35,000 net acres (44,000 gross) of Delaware Basin assets directly offset Centennial’s existing acreage, and are currently producing 3.5 MBOEPD.

CDEV will pay $855 million in cash for the assets, according to the company’s pres...

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