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Centennial Resource Development $855 million acquisition of Silverback Exploration assets

28/11/2016
Public acquisition
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$ 855 million

Announced

28/11/2016

Overview:

  • Centennial Resource Development has acquired $855 million in oil and gas assets from Silverback Exploration.
  • The purchase consisted of leasehold and upstream assets in Reeves County, Texas.
  • Centennial is backed by private equity fund Riverstone Holdings.
  • The deal is expected to close December 30, 2016.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Kelly Hart & Hallman

Party: Silverback Exploration (Seller)

Lawyers: David Cook, Todd Spake

Latham & Watkins

Party: Riverstone Holdings (Shareholder)

Lawyers: Debbie Yee, William Finnegan

Weil Gotshal & Manges

Party: Centennial Resource Development (Acquirer)

Lawyer: Raymond Gietz

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