Deal Insight
Diamondback acquires fellow Permian pure-play Energen for US$9.3 billion
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Diamondback Energy has agreed to acquire Energen in an all-stock deal for US$9.3 billion including US$830 million of Energen's net debt. The bid represents a 19% premium to Energen's closing price on 13 August 2018. With the acquisition of Energen's 179,000 net acres, Diamondback will now control 390,000 net acres across the Midland and Delaware basins. The pro-forma company will boast production of roughly 222 mboe/d (67% oil). We value the acquired assets at a remaining ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Deal analysis: Table 4Deal analysis: Table 5Operated wells: Diamondback, Energen, and AjaxOil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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