Raising our 2020 oil production target to 60,000 BOPD: Centennial CEO Mark Papa
Denver’s Centennial Resource Development, Inc. (ticker: CDEV) said on Monday it is acquiring undeveloped acreage and producing oil and gas properties in the core of the Northern Delaware basin from privately held GMT Exploration for $350 million in cash. The acreage total in the acquisition comes to 11,860, all in Lea County, N.M.

Pro-forma for the pending acquisition, Centennial is raising its 2020 production target to 60,000 BOPD from the previous target of 50...

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