One-Page Deal Sheet
Diamondback Acquires Pure Play Permian; Lario
Diamondback Energy, Inc. Lario Oil & Gas
Announced Date
November 16,2022
Transaction Type
Corporate
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian,Permian - Midland Basin
Country
United States
State
Texas
County
Midland ,Martin
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Diamondback continues its acquisition spree. The company said it is acquiring Lario for $1.6 billion in cash ($850million) and stock. The asset is not as contigious as the firebird acquisition.
Asset Highlights:
Land : 25,000 gross (15,000 net acres) in Northern Midland Basin
Production : 22Mboe/d (Texas RRC data) 81% Oil
Locations : 154 gross (132 net)
154 estimated gross (132 net) horizontal locations in primary development targets with an average lateral length of over 9,400 feet; includes 20 DUCs Primary targets are the Middle Spraberry, Jo Mill, Lower Spraberry, Wolfcamp A and…| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | -  |
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| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
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