One-Page Deal Sheet
Diamondback to Bolster Permian Holdings; Inks Acreage Deals
Diamondback Energy, Inc. Cobra Oil & Gas Corp.
Announced Date
May 07,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
438
Asset/Basin:
{"Midland Basin","Permian Basin"}
TargetZones:
{"Lower Spraberry","
Net Acres
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Howard
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Since January 1, 2015, Diamondback Energy Inc. has acquired or entered into definitive purchase agreements to acquire from unrelated third party sellers an aggregate of approximately 15,940 gross (11,948 net) acres in the Midland Basin for an aggregate of approximately $437.8 million, subject to certain adjustments.
The assets, primarily located in northwest Howard County, include approximately 2,500 boe/d of net production estimated by the Company for April 2015 based on data provided by the sellers. The acreage is 83% held by production from 117 gross producing vertical wells and three…
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|---|---|---|---|---|---|
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| Jan-27-2025 |
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| Jan-04-2024 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
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