One-Page Deal Sheet
Diamondback to Acquire Permian E&P Firebird for $1.6B in Cash/Stock
Diamondback Energy, Inc. Firebird Energy LLC
Announced Date
October 11,2022
Transaction Type
Corporate
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Permian - Midland Basin
Country
United States
State
Texas
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Diamondback Energy Inc. has agreed to acquire all leasehold interest and related assets of FireBird Energy LLC in a $1.6 billion cash/stock deal.
Total consideration is comprised of 5.86 million shares of Diamondback common stock (~$825 million) and $775 million of cash.
Deal Details: Acreage: 68,000 net (75,000 gross) acres in the Midland Basin Production: 22,000 BOEPD (17,000 BO/d) - 77% oil Drilling Locations: 316 net (353 gross) Other Highlights: 2023 estimated average production of approximately 19 MBo/d (25 MBoe/d) 2023 oil production can be maintained for multiple years with…Permian - Midland Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Sep-02-2025 |
-  |
- |
Click here | Texas | E&P |
| Feb-26-2025 |
- |
- |
Click here | Texas | E&P |
| Feb-18-2025 |
- |
- |
Click here | Texas | E&P |
| Feb-12-2024 |
- |
- |
Click here | Texas | E&P |
| Dec-11-2023 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | - |
- |
| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
- |
| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
- |