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

Acquired Fort Worth, TX-based FireBird in a cash-and-stock transaction; includes 68,000 net-acre position in the Midland Basin, over 350 estimated gross horizontal locations and about 22,000 boe/d of production.

Editor's note: Transaction value was increased from the initially announced price.