One-Page Deal Sheet
Diamondback Acquire Mineral Interests In Midland County
Diamondback Energy, Inc. Not Disclosed
Announced Date
September 03,2013
Close Date
September 19,2013
Transaction Type
Mineral Rights
Enterprise Value (EV)($MM)
440
Asset/Basin:
{Permian}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Midland
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Diamondback Energy Inc. has entered into a definitive agreement with an unrelated third party seller to purchase mineral interests under approximately 15,000 gross (12,500 net) acres in Midland County for approximately $440 million, subject to certain adjustments.
More than half of these minerals are operated by Diamondback. The proposed transaction is expected to close by the end of September 2013, subject to completion of due diligence and satisfaction of closing conditions. Diamondback intends to finance the acquisition with debt and cash on hand.
"These assets should add approximately 1,50…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-25-2014 | RSP Permian Bolts On Northern Midland Core for $257 Million | - |
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