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Diamondback buys Delaware Permian assets from Brigham Resources for US$2.4 billion

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Report summary

On 14 December 2016 Diamondback Energy announced the acquisition of southern Delaware player Brigham Resources for US$2.43 billion in a combination of cash (US$1.62 billion) and equity (US$0.81 billion). Brigham Resources has amassed 76 319 net acres across Reeves and Pecos counties with flowing production of 9 482 boe/d (77% oil) from the Wolfcamp and Bone Spring tight oil plays. Additionally Diamondback will acquire midstream infrastructure valued at US$50 million and mineral rights ...

What's included

This report contains

  • Document

    Diamondback buys Delaware Permian assets from Brigham Resources for US$2.4 billion

    PDF 613.81 KB

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 10 images and tables including:

Images

  • Diamondback Delaware acquisitions and Midland operated wells
  • Offset operators average type curve in Reeves/Pecos counties

Tables

  • Executive summary: Table 1
  • 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

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