FireBird Energy LLC
About
FireBird Energy LLC was a Fort Worth, Texas-based upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin. FireBird targeted and executed on strategic acquisition opportunities and made a significant acquisition of producing properties in the western Midland Basin at the time of its founding.
FireBird was acquired by Midland-based E&P Diamondback Energy Inc. in a cash-and-stock transaction valued at $1.75 billion.
FireBird II was formed following the sale of FireBird I to Diamondback.
Editor's note: Last updated Aug. 5, 2024.
Headquarters Address
4880 Boat Club Rd, Suite 130
Fort Worth, TX 76135
United States
Website
www.firebirdenergy.comMain Phone Number
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
FireBird Energy Acquires Midland Basin Assets from Chevron
FireBird Energy Acquires Midland Basin Assets from Chevron
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News
Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition
Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.
Quantum Teams Looking for Acquisitions ‘Off the Beaten Path’
Blake Webster, partner at Quantum Capital Group, said the private-equity firm’s portfolio teams are looking to buy from sellers looking for cash buyouts, though not necessarily in the usual places.
By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale
Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.
Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets
Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.
CEO: FireBird II Prowls Western Midland Basin for M&A, Deep Exploration
After selling the first FireBird Energy to Diamondback for $1.6 billion, the FireBird II team is adding leases and scaling oil production in the western Midland Basin, CEO Travis Thompson said at Hart Energy’s SUPER DUG Conference & Expo.
CEO: FireBird Energy Constantly Scouring the Midland Basin for Deals
Travis Thompson, CEO of FireBird Energy II, said the company has made about 13 acquisitions since its inception in April 2023 and currently has two rigs running.
Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out
As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.
Private Investment Dynamic Holds Crucial Role in Supply, Security, Future
Private equity is coming back to the upstream sector, but is dramatically outweighed by the forecasted market supply needed to prevent a shortfall.
Exclusive: FireBird Energy Prowling Permian for Midland Basin M&A
After selling FireBird Energy LLC to Diamondback last year, the same team is searching for deals to develop another asset in the Midland, and possibly the Delaware Basin, too.
Quantum-backed FireBird II Raises Over $500MM for Permian Deals
After FireBird Energy LLC sold to Diamondback for $1.75 billion last year, FireBird II was formed to pursue more deals in the Permian Basin.
![A&D Minute (Oct. 19, 2022): Hamm Takes Continental Resources Private [WATCH]](/sites/default/files/styles/image_480x320_3_2/public/image/2022/10/ad-minute-oct-19-2022-hamm-takes-continental-resources-private-watch.jpg?itok=i6Huz52G)
A&D Minute (Oct. 19, 2022): Hamm Takes Continental Resources Private [WATCH]
Also in this week’s A&D Minute: BP’s acquisition of Houston-based Archaea Energy plus a $1.6 billion reminder that even one of the Permian Basin’s largest independents is constantly on the lookout for dealmaking.
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Alongside news of the FireBird acquisition news, Diamondback Energy also unveiled a target to sell at least $500 million of noncore assets in support of the Midland, Texas-based company’s pledge to reward shareholders.
FireBird Energy Acquires Midland Basin Assets from Chevron
FireBird Energy CEO Travis F. Thompson said the transaction will be company’s second major acquisition as it continues to advance its consolidation strategy.