Diamondback Energy Sells Noncore Permian Basin Assets for $87 Million
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin; Midland Basin
Announce Date
Post Date
Estimated Price
$87.0MM
Description
To buy, in separate transactions, Diamondback noncore Permian assets approximately 7,000 net acres of southern Midland Basin acreage in Upton County, TX, and 1,300 net acres of nonoperated Delaware Basin assets in Lea County, NM. (Expected to close 2Q 2021)