BCP Resources Acquires Permian Basin Producing Properties; Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
BCP Resources has acquired assets from a subsidiary of Chord Energy Corporation (NASDAQ:CHRD) in the Permian Basin, spanning 16 fields. The acquisition adds 1.3 MMBOE of net PDP reserves with 84% liquids.
June 08, 2023 | 1:11 pm
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Chord Energy Corporation's subsidiary sold assets in the Permian Basin to BCP Resources, which could result in a short-term positive impact on CHRD's stock price.
The sale of assets by Chord Energy Corporation's subsidiary to BCP Resources could result in a short-term positive impact on CHRD's stock price. The acquisition adds 1.3 MMBOE of net PDP reserves with 84% liquids, which could be seen as a positive development for the company and its investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100