Permian-Focused Callon to Take Eagle Ford Assets in $3.2B Acquisition of Carrizo

摘要

board has approved the acquisition of Car- rizo Oil & Gas Inc., adding Eagle Ford Shale-centered assets to Callon’s portfolio. Callon’s board approved an all-stock deal valued at $3.2 billion that would expand the company’s net acreage in the Permian Basin and Eagle Ford to 200,000 net acres, and its position in the Delaware sub-basin to 90,000 net acres. The deal is expected to close in 4Q2019.