Deal Insight
Diamondback acquires fellow Permian pure-play Energen for US$9.3 billion
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 10 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Deal analysis: Table 5
- Operated wells: Diamondback, Energen, and Ajax
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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