Deal Insight
Permian "merger of equals" sees Centennial acquire Colgate
Report summary
Centennial Resource Development and Colgate Energy's US$7.0 billion combination is effectively a merger of equals that creates the largest pure-play Delaware Basin operator. The transaction offers clear rationale for both parties. Centennial gains greater scale and materiality, while Colgate's early investors get cash and public equity liquidity. The merger places a US$3.9 billion valuation on privately held Colgate. How does this compare to our valuation and what does the implied long-term oil price indicate about planning and valuation assumptions in a roaring commodity market? Furthemore, why could this deal serve as a template for subsequent public-private mergers?
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Asset Report
Snow Lake gold (closed) mine
A detailed analysis of the Snow Lake gold (closed) mine.
$2,250
Asset Report
Troilus (Closed) gold mine
A detailed analysis of the Troilus (Closed) gold mine.
$2,250
Asset Report
Pamour - Timmins (including Nighthawk Lake & Duport) (Closed) gold mine
A detailed analysis of the Pamour - Timmins (including Nighthawk Lake & Duport) (Closed) gold mine.
$2,250
