Deal Insight
Diamondback acquires Midland assets from Lario for US$1.5 billion
*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:
Other reports you may be interested in
Asset Report
Permian Midland Wolfcamp Key Play
Detailed analysis of Midland Wolfcamp sub-play level well design, performance, costs and efficiencies
$22,800
Asset Report
DJ Niobrara Key Play
Detailed play intelligence including analysis on activity, costs, subsurface and operator performance.
$22,800
Insight
Q2 North America LNG projects update: Costa Azul FID waiting on SENER
For developers of pre-FID North America LNG projects, the current market difficulties are palpable. Momentum is faltering.
$1,050
