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FireBird Energy LLC

About

FireBird Energy LLC was a Fort Worth, Texas-based upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin. FireBird targeted and executed on strategic acquisition opportunities and made a significant acquisition of producing properties in the western Midland Basin at the time of its founding.

FireBird was acquired by Midland-based E&P Diamondback Energy Inc. in a cash-and-stock transaction valued at $1.75 billion.

FireBird II was formed following the sale of FireBird I to Diamondback.

Editor's note: Last updated Aug. 5, 2024.

Headquarters Address

4880 Boat Club Rd, Suite 130
Fort Worth, TX 76135
United States

Main Phone Number

Transactions

Report Date Amount (MM) Description
2022-11-30 $1,750.00

Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion

Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion

Report Date Amount (MM) Description
2021-12-30 --

FireBird Energy Acquires Midland Basin Assets from Chevron

FireBird Energy Acquires Midland Basin Assets from Chevron

2100-10-01 $000.00

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2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

2100-10-01 $000.00

This content is locked until you subscribe

Locked Data

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News

By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale

Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.

Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets

Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.

CEO: FireBird II Prowls Western Midland Basin for M&A, Deep Exploration

After selling the first FireBird Energy to Diamondback for $1.6 billion, the FireBird II team is adding leases and scaling oil production in the western Midland Basin, CEO Travis Thompson said at Hart Energy’s SUPER DUG Conference & Expo.

CEO: FireBird Energy Constantly Scouring the Midland Basin for Deals

Travis Thompson, CEO of FireBird Energy II, said the company has made about 13 acquisitions since its inception in April 2023 and currently has two rigs running.

Permian M&A: Oxy Shops Delaware Assets, Family Oil Cos. Stand Out

As operators scour the Permian Basin for M&A opportunities, they’re keeping an eye on a tepid divestiture market. Family-owned oil companies also stand out among the pack of private inventory holders remaining in the Permian, according to Enverus Intelligence Research.

Private Investment Dynamic Holds Crucial Role in Supply, Security, Future

Private equity is coming back to the upstream sector, but is dramatically outweighed by the forecasted market supply needed to prevent a shortfall.

Exclusive: FireBird Energy Prowling Permian for Midland Basin M&A

After selling FireBird Energy LLC to Diamondback last year, the same team is searching for deals to develop another asset in the Midland, and possibly the Delaware Basin, too.

Quantum-backed FireBird II Raises Over $500MM for Permian Deals

After FireBird Energy LLC sold to Diamondback for $1.75 billion last year, FireBird II was formed to pursue more deals in the Permian Basin.

A&D Minute (Oct. 19, 2022): Hamm Takes Continental Resources Private [WATCH]

Also in this week’s A&D Minute: BP’s acquisition of Houston-based Archaea Energy plus a $1.6 billion reminder that even one of the Permian Basin’s largest independents is constantly on the lookout for dealmaking.

Diamondback to Acquire FireBird Energy in Midland Basin for $1.6 Billion

Alongside news of the FireBird acquisition news, Diamondback Energy also unveiled a target to sell at least $500 million of noncore assets in support of the Midland, Texas-based company’s pledge to reward shareholders.

FireBird Energy Acquires Midland Basin Assets from Chevron

FireBird Energy CEO Travis F. Thompson said the transaction will be company’s second major acquisition as it continues to advance its consolidation strategy.