One-Page Deal Sheet
Diamondback Acquires Delaware Basin Property From Luxe Energy; $560 Million
Diamondback Energy, Inc. Luxe Energy Llc
Announced Date
July 13,2016
Close Date
September 01,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
560
Asset/Basin:
{"Permian - Delaware Basin"}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
% Oil:
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian - Delaware Basin,Permian - Southern Midland Basin
Country
United States
State
Texas
County
Reeves ,Ward
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Diamondback Energy, Inc. is set to acquire 19,180 net acres in the southern delaware basin (Ward and Reeves County) for $560 million from Luxe Energy.
Acquisition Highlights: 19,180 net surface acres primarily in Reeves and Ward counties Approximately 1,000 boe/d of current net production based on data provided from the seller Net proved developed reserves, based on internal estimates as of July 2016, were approximately 2.2 MMboe 290 net identified potential horizontal drilling locations across four zones with additional upside potential in other zones and through downspacing Contiguous…| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-30-2024 | Permian Resources Acquires More Delaware Basin Property | -  |
- |
| Jul-28-2024 | Vital Energy Acquires Delaware Basin Property From PE-Backed E&P | - |
- |
| Jun-12-2024 | Matador Resources Acquires PE-Backed Ameredev For $1.9 Billion | - |
- |