Diamondback acquires Permian acreage in Southern Delaware Basin for US$560 million Report

Deal Insight 21 July 2016

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Report summary

Diamondback is making its debut in the Delaware Basin by acquiring 19,180 net acres in the Southern Delaware Basin, with 1,000 boe/d of flowing production, for US$560 million. The acreage is mostly in Ward and Reeves counties. The seller is thought to be Luxe Energy, which secured the position only six months ago, in January 2016. In order to build inventory and avoid paying a premium for core Midland Basin acreage, the company expanded to the Delaware Basin, where it still paid more than ...

Executive summary
Transaction details
Upstream assets
Deal analysis
Strategic rationale
Oil & gas pricing and assumptions

Tables and charts

This report includes 9 images and tables including:

Executive summary: Table 1
Area of Acquisition (Vertical and Horizontal Wells)
Upstream assets: Table 1

Deal analysis: Table 1
Deal analysis: Table 2
Deal analysis: Table 3
Change in market capitalisation versus change in WTI and incremental wells drilled
Oil & gas pricing and assumptions: Table 1
Oil & gas pricing and assumptions: Table 2