One-Page Deal Sheet
Diamondback to Up Ante in the Permian Wolfcamp; Eyes Interests
Diamondback Energy, Inc. BC Operating Inc, Crown Oil Partners V Lp, Crump Energy Partners LLC, Rio Oil and Gas Llc
Announced Date
July 21,2014
Close Date
September 09,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
538
Asset/Basin:
{"Midland Basin","Permian Basin"}
TargetZones:
{"Wolfcamp B","Lower
Net Acres
% Oil:
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Midland ,Glasscock ,Reagan ,Upton
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Diamondback Energy, Inc. has entered into a definitive purchase agreement with unrelated third party sellers to acquire additional leasehold interests in the Midland Basin for an aggregate purchase price of approximately $538 million, subject to certain adjustments.
Upon completion, the acquisition will provide Diamondback with primarily operated leasehold interests, the majority of which are located in Midland and western Glasscock Counties.
Acquisition Highlights: 16,773 gross (13,136 net) acres, 88% of which are operated Net production of approximately 2,173 BOE/d in May 2014 from 131…Permian Deal Activity In Last 12 Months
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| Feb-02-2026 |
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| Jan-27-2025 |
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| Jan-04-2024 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jul-25-2014 | RSP Permian Bolts On Northern Midland Core for $257 Million | - |
- |
| Feb-18-2014 | Diamondback Adds to Midland Position in Martin County | - |
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| Sep-03-2013 | Diamondback Acquire Mineral Interests In Midland County | - |
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