Denver oil company acquired in $2.3B deal consolidating Permian Basin operators

Greg Avery
Denver oil company acquired in $2.3B deal consolidating Permian Basin operators

Jagged Peak Energy Inc., a Denver-based oil and gas company, is merging with a larger Texas company in a deal worth nearly $2.3 billion that consolidates operations in Texas’ Delaware Basin. The deal, if it closes as expected early next year, will leave Denver with one less headquarters of a publicly-traded oil and gas company. Austin-based Parsley Energy Inc. (NYSE: PE) and Jagged Peak (NYSE: JAG) announced the merger Monday.