Primexx Energy

Callon Looks to Control More in Permian Delaware with $788M Primexx Merger

Callon Looks to Control More in Permian Delaware with $788M Primexx Merger

Houston-based Callon Petroleum Co. expects to control more than 110,000 net acres in the Permian Basin’s Delaware formation after clinching an estimated $788 million cash-and-stock deal to buy private explorer Primexx Energy Partners Ltd.  Primexx, headquartered in Dallas, has around 35,000 net acres in the Delaware sub-basin within Reeves County in West Texas. The partnership…

August 4, 2021