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PS - Centennial Resource Highlights - March 4, 2020
Centennial Resource announced the sale of its southern Delaware Basin water infrastructure assets in Reeves County, Texas, to WaterBridge Resources. Upon closing, expected in late Q1, Centennial will enter a longterm water services agreement with WaterBridge to handle the disposal of its southern Delaware Basin water that is not currently subject to existing dedications. Centennial will get $150 million cash at closing, part of which it will use to repay existing borrowings under its......
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