Deal Insight
Diamondback sells its Williston assets to Oasis Petroleum for US$745 million
Report summary
Oasis Petroleum is acquiring Williston Basin assets from Diamondback Energy in a cash transaction for US$745 million. The transaction is largely a PDP-based valuation. The deal is opportunistic because Oasis can benefit from optionality in PUD inventory at higher prices and operational synergies. In addition, Oasis will obtain ~340 economic locations from the acquired adjacent acreages and boost Bakken production. Assuming a favourable price environment, Oasis is likely to generate more free cash flow with the acquired assets.
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 8 images and tables including:
- Executive summary: Table 1
- Diamondback and Oasis Williston acreage
- 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
What's included
This report contains:
Other reports you may be interested in
Deal Insight
Beacon offloads non-operated assets to Ofer for undisclosed amount
Beacon sells its non-operated US GoM assets to Ofer Global.
$1,650
Asset Report
Lundberg & Engine House zinc mine
A detailed analysis of the Lundberg & Engine House zinc mine.
$2,250
Asset Report
East Tennessee zinc mines
A detailed analysis of the East Tennessee zinc mines.
$2,250
