One-Page Deal Sheet
Diamondback Sells Non-Core Permian Assets For $320 Million
Not Disclosed Diamondback Energy, Inc.
Announced Date
May 14,2019
Transaction Type
Acreage
Enterprise Value (EV)($MM)
322
Asset/Basin:
{"Permian - Central Basin Platform","Permian - Eastern Shelf","Permian - Northwest Shelf","Permian - Southern Midland Basin"}
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian - Central Basin
Country
United States
State
Texas
County
Crockett ,Reagan
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Diamondback Energy said in its 1Q 2019. The company said "we executed on our grow and prune strategy by signing definitive agreements to divest the conventional assets acquired from Energen as well as noncore acreage in Crockett and Reagan counties. These transactions are expected to close by July 1, 2019"
NON-CORE ASSET DIVESTITURES
Divesting 103,423 net acres, consisting of conventional assets in the Central Basin Platform, Eastern Shelf in West Texas and the Northwest Shelf in New Mexicoacquired in the Energen acquisition; executing on "grow and prune" strategy presented in the…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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| Jul-10-2025 |
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| Feb-26-2019 |
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| Nov-05-2018 |
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