Deal Insight
Diamondback acquires Permian acreage in Southern Delaware Basin for US$560 million
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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 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 ...
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Area of Acquisition (Vertical and Horizontal Wells)Upstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Change in market capitalisation versus change in WTI and incremental wells drilledOil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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