One-Page Deal Sheet
Diamondback Sinks Fangs into Permian Midland Acreage
Diamondback Energy, Inc. Not Disclosed
Announced Date
February 20,2014
Close Date
February 28,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
114
Asset/Basin:
{"Permian (Midland)"}
TargetZones:
{"Wolfcamp B","Lower
Net Acres
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Martin
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Diamondback Energy, Inc. has entered into a definitive purchase agreement to acquire an additional 1,858 net leasehold acres in Martin County, Texas, representing a 28.8% working interest, for approximately $114.3 million, subject to certain adjustments.
On Tuesday, February 18, 2014, the Company announced that it had entered into definitive purchase agreements to acquire 6,450 gross (2,825 net) acres in Martin County for approximately $174 million and that under the terms of the existing joint operating agreement the Company had made offers to the remaining working interest owners to acquire…
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