Deal Insight
Diamondback acquires Midland assets from Lario for US$1.5 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 strikes again. Another private operator bites the dust. Diamondback announced its acquisition of all leasehold interests and related assets from Lario Oil & Gas for US$1.5 billion. This purchase from Lario is Diamondback's second bolt-on acquisition, hot off the heels of the FireBird deal in October for US$1.6 billion.
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:
- Executive summary: Table 1
- Martin County well performance since 2018
- Lario and Diamondback, wells drilled since 2018
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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