Deal Insight
Diamondback acquires QEP for US$2.2 billion
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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 Energy is acquiring QEP Resources and Guidon Operating (a subsidiary of Guidon Energy) in two deals worth US$2.15 billion and US$862 million respectively. The transactions were somewhat opportunistic; Diamondback is one of a few companies capable of making an acquisition in the current phase of consolidation. We view the deal as a tacit acknowledgement to the importance of scale going forward in the Permian, particularly with Midland Basin inventory.
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:
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Executive summary: Table 1Diamondback, QEP and Guidon wellsUpstream assets: Table 1
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Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Deal analysis: Table 4Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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