Permian–Devon Expansion: Consolidating Acreage and Infrastructure in the Delaware Basin

Summary

Permian Resources completed 250 transactions in Q3 2025, adding 5,500 net leasehold acres and 800 boe/d of production for $180 million. Devon Energy acquired two Delaware Basin leases for $168 million, adding 60 drilling locations and full ownership of the Cotton Draw Midstream system for $260 million.

Recent Coverage

• Kimmeridge Targets a Permian Discount at Devon and Coterra

  Rextag • Nov 24

• Permian–Devon Expansion: Consolidating Acreage and Infrastructure in the Delaware Basin

  Rextag • Nov 10