WaterBridge and Colgate also entered into a 15-year produced water management agreement for all of Colgate’s operated acreage in Reeves and Ward counties in Texas.
Centennial Resource Development, a shale oil producer in the Permian Basin, has agreed to acquire rival Colgate Energy in a cash-and-stock deal worth $2.5 .
Centennial Resource Development Inc., a shale oil producer in the Permian Basin, agreed to acquire private equity-backed rival Colgate Energy in a cash-and-stock deal valued at about $2.5 billion.
(Bloomberg) Colgate Energy, a private equity-backed energy explorer in the Permian Basin that’s been preparing to go public, is also considering a sale after getting takeover interest, according to people familiar with the matter.