COP In Talks To Acquire Concho Resources -- October 14, 2020

Link here at SeekingAlpha, short blurb.

• COP / CXO: deal, maybe valued at $15 billion (Fitzsimmons, here)
• back of the envelope: $15 billion / 550,000 net acres = $27,000 / acre
  
• CVX / Noble: deal, valued at just under $12 billion

From Bloomberg:

• CXO with market value of $9.8 billion after news released
• meanwhile, COP's market value climbed to almost $38 billion
• CXO: enterprise value of $13.4 billion
• deal would become the year's largest takeover of an oil and gas company
• it would likely surpass Chevron's all-stock acquisition of Noble Energy
• Noble Energy valued at $11.8billion including debt when deal closed in October
• Reminder: OXY
• $38 billion purchase of Anadarko Petroleum last year
• Reminder: merger of Devon Energy and WPX

Also:

• CXO:
• 800,000 gross acres in the Permian
• CXO + COP:
• 1.3 million boepd
• just shy of crude giant Occidental

So:

• OXY / Anadarko
• CVX / Noble Energy
• Devon Energy / WPX
• COP / Concho Resources