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
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.
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.
Shale Consolidation Aftermath: The Field Narrows
Widespread consolidation has reshaped the list of top public producers, says Enverus CEO Manuj Nikhanj.
Shale Outlook Permian: The Once and Future King Keeps Delivering
The Permian Basin’s core is in full-scale manufacturing mode, with smaller intrepid operators pushing the basin’s boundaries further and deeper.
Kimbell Royalty Partners Adds to Permian Portfolio with $231MM Deal
Kimbell Royalty Partners is acquiring oil and natural gas mineral and royalty interests in the Midland Basin in a cash-and-equity acquisition worth $231 million.
Back to the Future: US Shale is Growing Up
The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance.
BYOP (Bring Your Own Power): The Great AI Race for Electrons
Data-center developers, scrambling to secure 24/7 power, are calling on U.S. producers to meet demand as natgas offers the quickest way to get more electrons into the taps.
Diamondback Subsidiary to Invest $50MM in Verde Clean Fuels
Diamondback Energy subsidiary Cottonmouth Ventures LLC’s investment will consist of buying 12.5 million shares of Verde Class A common stock, making Cottonmouth the company’s second largest shareholder.
E&P Highlights: Dec. 16, 2024
Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.
Freehold Closes $182MM Acquisition of Midland Basin Interests
Freehold Royalties’ acquisition from a private seller includes around 1,300 boe/d of net production and 244,000 gross drilling acres largely operated by Exxon Mobil and Diamondback Energy.
Partnership to Deploy Clean Frac Fleets Across Permian Basin
Diamondback Energy, Halliburton Energy Services and VoltaGrid are working together to deploy four advanced electric simul-frac fleets across the Permian in an effort to enhance clean and efficient energy solutions in the region.
Exclusive: Conduit, Riley Permian Powering Up the Permian
Beau Egert, chief commercial officer for Conduit Power, said Riley Exploration Permian is taking control of their own to provide power for their consumption and the community.
In Busy Minerals M&A Year, Freehold Grabs $152MM Midland Interests
Canadian player Freehold Royalties is getting deeper in the Permian with a CA$216 million (US$152 million) Midland Basin acquisition as minerals buyers intensify M&A in the basin.
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Jefferies: With Permian Locked Up, E&Ps Hunt for New L48 Runway
With the core of the Permian Basin largely locked up, “intrepid operators” are hunting for runway in more nascent Lower 48 basins and in less developed Permian benches.