Deal Insight
Diamondback acquires QEP for US$2.2 billion
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 9 images and tables including:
- Executive summary: Table 1
- Diamondback, QEP and Guidon wells
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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