Diamondback Energy Mergers and Acquisitions Summary

Oil/gas ExplorationCompany

Diamondback Energy has acquired 7 companies, including 7 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 1 asset.

Diamondback Energy’s largest acquisition to date was in 2018, when it acquired Energen for $9.2B. It’s largest disclosed sale occurred in 2021, when it sold Diamondback Energy - Williston Basin Assets to Oasis Petroleum for $745M. Diamondback Energy has acquired in 4 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Join Mergr and gain access to Diamondback Energy’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the oil/gas exploration sector.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6
  • M&A Advisors 7

Diamondback Energy

Diamondback Energy, Inc.

500 West Texas Avenue Suite 1200,
Midland, Texas 79701
United States,
(432) 221-7400
www.diamondbackenergy.com

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.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (1.4/yr) # - 3 - 2 - 2 7
vol $10.1B $2.2B $850M $13.2B
Sell (0.2/yr) # - - - - 1 - 1
vol $745M $745M
  8

Most Recent M&A

Company Date Value Type
Lario Oil & Gas - Northern Midland Basin 2022-11-16 850M USD Divestiture
Wichita, Kansas
FireBird Energy LLC 2022-10-11 - Add-on Acquisition
Fort Worth, Texas · www.firebirdenergy.com
Diamondback Energy - Williston Basin Assets 2021-10-21 745M USD Divestiture
Midland, Texas
QEP Resources, Inc. 2020-12-21 2.2B USD Add-on Acquisition
Denver, Colorado · www.qepres.com
Guidon Energy - Leasehold Interests & Related Assets 2020-12-21 - Divestiture
Irving, Texas
Ajax Resources LLC 2018-10-31 - Add-on Acquisition
Houston, Texas · www.ajaxres.com
Energen Corp. 2018-08-14 9.2B USD Add-on Acquisition
Birmingham, Alabama · www.energen.com
Ajax Resources LLC - Midland Basin Assets 2018-08-09 900M USD Divestiture
Houston, Texas
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Rattler Midstream LP    - Reliance Gathering LLC 2019-11-12 1
Midland, Texas · www.rattlermidstream.com Midland, Texas

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 7 (100%) 13.2B (100%) 1 (100%) 745M (100%)
Total 7 $13.2B 1 $745M

By Geo

State/Country Buy Value Sell Value
United States 7 13.2B 1 745M
  Texas 4 900M 1 745M
  Kansas 1 850M - -
  Colorado 1 2.2B - -
  Alabama 1 9.2B - -
Total 7 $13.2B 1 $745M

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
1
Jefferies LLC
1
Moelis & Co.
1
Legal Deals
Kirkland & Ellis LLP
2
Akin Gump Strauss Hauer & Feld LLP
2
Gibson, Dunn & Crutcher LLP
1

Deal Values

buy # Total
> $1B 2 $11.4B
$100M to $1B 2 $1.8B
TOTAL $13.2B
Largest Energen Corp.
$9.2B (2018-08-14)
sell # Total
$100M to $1B 1 $745M
TOTAL $745M
Largest Diamondback Energy - Williston Basin Assets
$745M (2021-10-21)

M&A Connections

Deals
Acquired from
Investor(s)
29%
2 (29%)
Strategic(s)
43%
3 (43%)
Divested to
Strategic(s)
100%
1 (100%)

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