Permian Resources acquired Occidental Petroleum's New Mexico Delaware Basin assets for $817.5 million. The deal added approximately 27,500 net acres in Reeves and Lea counties and 15,000 boe/d of production.
The acquired assets in Reeves County also include a fully integrated midstream system. Infrastructure on the acquired assets includes over 100 miles of operated oil and gas gathering systems and over 10,000 surface acres, in addition to complementary water infrastructure including saltwater disposal wells, a recycling facility, frac ponds and water wells.