Diamondback Energy Inc.
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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
Viper Makes Leadership Changes Alongside Diamondback CEO Shakeup
Viper Energy is making leadership changes alongside a similar shake-up underway at its parent company Diamondback Energy.
Diamondback’s Stice to Step Down as CEO, Van’t Hof to Succeed
Diamondback CEO Travis Stice, who led the company through an IPO in 2012 and a $26 billion acquisition last year, will step down as CEO later this year.
Q&A: Petrie Partners Co-Founder Offers the Private Equity Perspective
Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge.
Diamondback, Double Eagle Form JV to Drill in Southern Midland Basin
Double Eagle IV is selling mostly undeveloped, core Midland Basin acreage to Diamondback Energy for $4.1 billion. Double Eagle will retain a significant amount of existing production in the southern Midland Basin, where it’s partnering with Diamondback to “accelerate development.”
Diamondback Acquires Permian’s Double Eagle IV for $4.1B
Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.
Report: Diamondback in Talks to Buy Double Eagle IV for ~$5B
Diamondback Energy is reportedly in talks to potentially buy fellow Permian producer Double Eagle IV. A deal could be valued at over $5 billion.
DUCs Fly the Coop: Big Drawdowns from the Midland to Haynesville
The Midland Basin depleted its inventory of excess DUCs the most last year, falling from two months of runway to one during the past year, according to a report by Enverus Intelligence Research.
Diamondback Energy Appoints Industry Veteran Holderness to Board
Diamondback Energy has named Darin G. Holderness, who founded and served as CFO at P&A Exchange LLC and CFO at ProPetro Holding Corp. as a board of directors at the Permian Basin E&P.
Viper Buys $330MM Midland Interests in Shadow of $4.5B Dropdown
Viper Energy said that in addition to a $4.45 billion dropdown by Diamondback Energy, the company would also purchase royalty acreage in Howard County, Texas, for $330 million.
Viper to Buy Diamondback Mineral, Royalty Interests in $4.45B Drop-Down
Working to reduce debt after a $26 billion acquisition of Endeavor Energy Resources, Diamondback will drop down $4.45 billion in mineral and royalty interests to its subsidiary Viper Energy.
Elk Range Acquires Permian, Eagle Ford Minerals and Royalties
Elk Range Royalties is purchasing the mineral and royalty interests of Newton Financial Corp., Concord Oil Co. and Mission Oil Co.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
M&A Target Double Eagle Ups Midland Oil Output 114% YOY
Double Eagle IV ramped up oil and gas production to more than 120,000 boe/d in November 2024, Texas data shows. The E&P is one of the most attractive private equity-backed M&A targets left in the Permian Basin.
Minerals M&A to Heat Up in ‘25 with $4B Diamondback Sale–KeyBanc
KeyBanc analysts expect an “imminent” Diamondback Energy dropdown to Viper Energy and at least a couple of $500 million deals by public mineral and royalty companies in 2025, with Sitio Royalties a likely acquirer.
Permian to Drive Output Growth as Other Basins Flatten, Decline–EIA
Lower 48 oil production from outside the Permian Basin—namely, the Bakken and Eagle Ford shales—is expected to flatten and decline in coming years, per new EIA forecasts.