Centennial and Colgate’s Delaware Basin Merger Draws an ESG Spotlight
Centennial Resource Development and Colgate Energy plan to merge, becoming the largest pure-play Delaware Basin oil and gas company, valued at $7 billion. The stock market responded positively to the May 19th announcement. Centennial’s stock price quickly reversed a month-long dip, up 47% over two weeks. The press release labeled this “a merger of equals”. Beyond financials, the […]
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