Deal insight

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

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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 ...

What's included

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  • Document

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

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Table of contents

  • 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:

Images

  • Area of Acquisition (Vertical and Horizontal Wells)
  • Change in market capitalisation versus change in WTI and incremental wells drilled

Tables

  • Executive summary: Table 1
  • 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

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