Diamondback Energy Inc.
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About
Diamondback is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring and Cline formations.
Editor's note: Updated July 16, 2019.
Transactions
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion
Diamondback Energy to Acquire Lario Permian for $1.55 Billion
Diamondback Energy to Acquire Lario Permian for $1.55 Billion
Diamondback Makes Quick Work Toward Divestiture Goal With $155 Million Sale
Diamondback Makes Quick Work Toward Divestiture Goal With $155 Million Sale
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New Financings
Priced an offering of 4.25% senior notes that will mature on March 15, 2052. The price to the public for…
To redeem 0.900% senior notes due 2023, representing all of the outstanding 2023 notes, at a redemption…
Priced a public offering of 2023, 2031 and 2051 notes at 99.990%, 99.659% and 99.669% of the principal…
Priced a public offering of 4.75% senior notes due 2025 at 100% of the principal amount. Proceeds will be…
Diamondback Energy Inc. has priced an offering of $1 billion of 2.875% senior notes…
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News
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?
Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?
RBC: Minerals, E&P Stocks Wooing Back Generalist Investors
Public mineral and royalty companies have performed well in the markets, and investors are taking notice. But experts say mineral and royalties stocks still have a long way to go to compete for generalist investor capital.
Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost
Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.
Diamondback May Go Nuclear to Power Permian Basin Ops
Oklo Inc., a California fission power plant developer, on April 8 said it signed a letter of intent to collaborate with Diamondback Energy on implementation of nuclear energy for drilling operations in the Permian Basin.
Mighty Midland Still Beckons Dealmakers
The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
Analysts, SLB Execs See Stability in $7.7B ChampionX Deal
The acquisition of ChampionX vaults SLB’s chemical production business to No. 1 globally and orients SLB's business toward resource recovery that is less tied to price volatility.
ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
Sold in 66 Days: Inside the Diamondback-Endeavor Deal
Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.
ConocoPhillips CEO Ryan Lance: Upstream M&A Wave ‘Not Done’ Yet
Dealmaking in the upstream oil and gas industry totaled $234 billion in 2023. The trend shows no signs of slowing, ConocoPhillips CEO Ryan Lance said at the CERAWeek by S&P Global conference.
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.
Daugherty: Diamondback Scales Up Amid Consolidation Super Cycle
It’s time for the strongest among the services sector to follow Diamondback's lead: find fortifying prey and hunt.
Endeavor Integration Brings Capital Efficiency, Durability to Diamondback
The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory.
Diamondback Announces Executive Leadership Promotions
Diamondback Energy’s leadership changes follow the company’s previously announced $26 billion merger with Endeavor Energy.