Deal Insight
Diamondback acquires Midland assets from Lario for US$1.5 billion
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 9 images and tables including:
- 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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