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8 个月前
BRIEF-Centennial Resource Development to acquire 100% interests from Silverback Exploration
2016年11月28日 / 中午12点02分 / 8 个月前

BRIEF-Centennial Resource Development to acquire 100% interests from Silverback Exploration

2 分钟阅读

Nov 28 (Reuters) - Centennial Resource Development Inc :

* Centennial Resource Development - to acquire 100% of leasehold interests and related upstream assets in reeves county from Silverback Exploration, LLC

* Centennial resource development-on nov 21, affiliate of Riverstone Holdings LLC entered purchase agreement with silverback

* Centennial resource development- deal for $855 million in cash

* Centennial resource development - on Nov 27, riverstone & co entered into an agreement to assign riverstone's right to purchase such silverback assets

* Centennial Resource Development-Riverstone and affiliated funds committed to invest up to $500 million in centennial common and convertible preferred shares

* Centennial Resource Development Inc - transaction allows co to increase 2020 oil production goal from 30,000 bo/d to 50,000 bo/d

* Centennial Resource Development - as per Nov 27 agreement, riverstone affiliate has agreed to assign, and co has agreed to assume such silverback assets

* Company intends to finance remainder of purchase price through equity and/or debt financings Source text bit.ly/2gnqnxb Further company coverage:

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