Diamondback Energy Inc.
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About
Diamondback is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring and Cline formations.
Editor's note: Updated July 16, 2019.
Transactions
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback Energy to Acquire Lario Permian for $1.55 Billion
Diamondback Energy to Acquire Lario Permian for $1.55 Billion
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New Financings
Priced an offering of 4.25% senior notes that will mature on March 15, 2052. The price to the public for…
To redeem 0.900% senior notes due 2023, representing all of the outstanding 2023 notes, at a redemption…
Priced a public offering of 2023, 2031 and 2051 notes at 99.990%, 99.659% and 99.669% of the principal…
Priced a public offering of 4.75% senior notes due 2025 at 100% of the principal amount. Proceeds will be…
Diamondback Energy Inc. has priced an offering of $1 billion of 2.875% senior notes…
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News
Exclusive: Surge Energy Seeks Midland M&A with $1.3B in Dry Powder
Surge Energy is one of the largest private oil producers in the Permian Basin. With $1.3 billion in dry powder to put to work, Surge is scouring the northern Midland Basin for M&A, executive Travis Guidry told Hart Energy.
E&Ps Capitalize on AI Surge with NatGas Investments, But Volatility Expected
EOG, Diamondback and Gulfport Energy remain optimistic—despite recent near-term volatility—and are doubling down on natural gas investments in order to meet growing energy demands.
Roth-Backed SPAC To Take Public Permian Gas, Helium Producer
A blank-check company backed by Roth Capital Partners and Craig-Hallum Capital Group aims to combine with Permian gas and helium producer New Era Helium.
Belcher: The Growing Nexus of Nuclear, Oil and Gas
Nuclear has a capacity factor of 92.5%, the highest of any source of electricity, not to mention near-zero greenhouse gas emissions. Â Â
Diamondback Touts Land, Cheap Gas to Lure Data Centers to Permian
With 65,000 land acres, cheap natural gas and an abundant produced water supply, Diamondback wants to lure power-hungry data centers to West Texas.
Diamondback Swaps Delaware Assets, Pays $238MM For TRP’s Midland Assets
After closing a $26 billion acquisition of Endeavor Energy Resources, Diamondback Energy is getting deeper in the Midland Basin through an asset swap with TRP Energy.
Oxy’s Hollub Drills Down on CrownRock Deal, More M&A, Net-zero Oil
Vicki Hollub is leading Occidental Petroleum through the M&A wave while pioneering oil and gas in EOR and DAC towards the goal of net-zero oil.
EPIC Crude Completes Refinancing Amid Permian Pipeline Expansion
The refinancing comes at the heels of Diamondback and Kinetik Holdings acquiring stake in EPIC’s 800-mile crude pipeline, which runs from the Permian Basin to the Gulf Coast.
Now in 18 Permian Counties, What Will Diamondback Divest?
Post-acquisition of Endeavor Energy, Diamondback Energy has property in 18 West Texas counties. While analysts wait to hear what will be sold, Endeavor is up-shifting D&C efficiencies down to $625 per lateral foot.
After M&A, Some ‘Stingy’ E&Ps Plan to Hold Operated Shale Inventory
After a whirlwind run of upstream consolidation, experts anticipated a wave of portfolio rationalization and divestitures. But with high-quality drilling locations already scarce, E&Ps may cling to operated inventory.
Bankers' Outlook for A&D: A Slow Unwinding of Asset Sales
Bankers from CrossFirst, Texas Capital, BOK Financial and Comerica say that after a sluggish season of asset level deals, divestitures will come from larger-scale M&A, but it will take time.
Texas Pacific Land Closes $290MM Permian Minerals, Royalties Deal
Texas Pacific Land Corp. acquired Permian Basin oil and gas minerals and royalties operated by Exxon Mobil, Diamondback Energy, Occidental Petroleum and ConocoPhillips.Â
Diamondback Subsidiary Viper Closes $900MM Midland Royalty Deal
Diamondback Energy’s Viper Energy closed the last of three acquisitions from Tumbleweed Royalty, owned by Double Eagle Energy’s founders, that together totaled about $1.1 billion.
Tailwater Buys Interests Across 5,000 Acres in Permian Core
Tailwater E&P's purchase of non-op working interests from Accelerate Resources includes future inventory held by Diamondback, EOG Resources, Devon and several other E&Ps.
Diamondback, Kinetik Boost Stake in Permian EPIC Crude Pipeline
Diamondback Energy, in partnership with Kinetik, is boosting its takeaway capacity and ownership stake in the EPIC Crude pipeline after closing a $26 billion Permian Basin acquisition.