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Centennial Resource To Buy Silverback Assets In Reeves County For $855 Mln

( - Centennial Resource Development, Inc. ( CDEV ) said it has agreed to acquire 100 percent of the leasehold interests and related upstream assets in Reeves County from Silverback Exploration, LLC for an aggregate purchase price of $855 million in cash.

Centennial Resource noted that the acquisition includes 35,000 net acres directly offsetting existing Centennial acreage in Reeves County and approximately 3,500 Boe/d of current net...