Diamondback Energy, Inc. has finalized its acquisition of QEP Resources Inc. in an all-stock deal valued at $2.2 billion.
This comes after one of QEP's stakeholders, Glazer Capital LLC, voiced opposition to the deal over the last couple of weeks, encouraging other shareholders to not vote in favor.
As previously announced, in the merger, QEP stockholders will receive 0.05 of a share of Diamondback common stock for each share of QEP common stock issued.
Category | 2023 | 2024Est. Initial | Updated 2024 Guidance | %Difference (2023 vs 2024) |
Total Capital Expenditure($mm) |
Production Daily Equivalent(boe/d) | ||||
Production Oil(bbls/d) |
Related Categories :
Deals - Deal Close
More Deals - Deal Close News
-
Ring Energy Finalizes Acquisition of Stronghold Energy II
-
Centennial, Colgate Finalize $3.9B Merger; Debut as Permian Resources Corp.
-
Diamondback Seals Rattler Midstream Deal; Takes Company Private
-
Riverbend Finalizes $1.8B Sale of Portfolio Companies
-
Northern Oil Closes $158MM Bolt-On Deal for Williston Assets
Permian News >>>
-
Oilfield Services Talk What To Expect In Remainder of 2024 -
-
Large Permian E&P Talks 1Q'24; 282 Wells Planned for 2024 -
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
Permian - Midland Basin News >>>
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -
-
New Permian E&P Company Score Capital; On The Hunt For Assets -
-
Devon Said To be In Talks to Acquire Enerplus
-
Chevron To Cut D&C Activity in U.S. Shale In 2024; Here is Where. -