Diamondback to Buy Shale Rival QEP in $2.2 Billion Deal
Transaction Type
Sellers
Buyers
Basin
Permian/Midland Basin; Williston Basin
Announce Date
Post Date
Close Date
Estimated Price
$2,200.0MM
Description
To acquire QEP in an all-stock transaction that includes QEP’s net debt of $1.6 billion; assets comprise about 49,000 net acres in the Midland Basin plus a position in the Williston Basin with 3Q 2020 average production of 76,700 boe/d. (Expected to close 1Q or 2Q 2021)