M&A Deal Summary |
|
|---|---|
| Date | 2021-10-21 |
| Target | Diamondback Energy - Williston Basin Assets |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Chord Energy |
| Sellers(s) | Diamondback Energy |
| Deal Type | Divestiture |
| Deal Value | 745M USD |
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| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Oil/Gas Exploration |
| Employees | 531 |
| Revenue | 3.6B USD (2022) |
Chord Energy is an independent oil and gas company focused on the acquisition and development of unconventional oil and natural gas resources. Chord Energy was formed in 2007 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Oil/Gas Exploration) | 2 of 3 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 2 of 2 |
| Country (United States) | 2 of 3 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-08 |
Bobcat DevCo
United States Bobcat DevCo LLC focused in the Wild Basin operating area and include gas gathering, compression and gas lift, crude oil gathering and produced water gathering and disposal. Bobcat DevCo is a particularly strategic midstream asset, as it has been a key contributor to the early success of connecting third-party volumes to OMP's gas plants. |
Sell | $125M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-01 |
Whiting Petroleum
Denver, Colorado, United States Whiting Petroleum is an independent exploration and production company with an oil-focused asset base. Whiting Petroleum was founded in 1980 and is based in Denver, Colorado. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Oil/Gas Exploration |
| Employees | 870 |
| Revenue | 9.6B USD (2022) |
Diamondback Energy 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. Diamondback Energy was founded in 2007 and is based in Midland, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-21 |
QEP Resources
Denver, Colorado, United States QEP Resources, Inc. is an independent crude oil and natural gas exploration and production company focused in two regions of the United States: the Southern Region (primarily in Texas) and the Northern Region (primarily in North Dakota). QEP Resources was founded in 2010 and is based in Denver, Colorado. |
Buy | $2.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-11 |
FireBird Energy
Fort Worth, Texas, United States FireBird Energy is an upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin. The company made a significant acquisition of producing properties in the western Midland Basin at the time of its founding and presently operates over 450 vertical and horizontal wells in the Basin. FireBird Energy was established in 2019 and is based in Fort Worth, Texas. |
Buy | - |
