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7 Pages

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

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

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 ...

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  • Diamondback acquires Permian acreage in Southern Delaware Basin for US$560 million PDF - 877.55 KB 7 Pages, 7 Tables, 2 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
    • Area of Acquisition (Vertical and Horizontal Wells)
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
  • Strategic rationale
    • Change in market capitalisation versus change in WTI and incremental wells drilled
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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