Diamondback Energy - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Diamondback Energy M&A Summary

Diamondback Energy has acquired 9 companies, including 6 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 2024, when it acquired Endeavor Energy Resources for $26.0B. It’s largest disclosed sale occurred in 2021, when it sold Diamondback Energy - Williston Basin Assets to Chord Energy for $745M. Diamondback Energy has acquired in 4 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Diamondback Energy Business Overview

Where is Diamondback Energy headquartered?

Diamondback Energy is headquartered in Midland, Texas.

What is Diamondback Energy’s revenue?

Diamondback Energy disclosed revenue of 9,566M USD for 2022 and 6,797M USD for 2021.

How many employees does Diamondback Energy have?

Diamondback Energy has 870 employees.

What sector is Diamondback Energy in?

Diamondback Energy is an oil/gas exploration company.

When was Diamondback Energy founded?

Diamondback Energy was founded in 2007.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity9
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 8

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # 3 2 - 2 1 1 9
vol $10.1B $2.2B $850M $26.0B $39.2B
Sell (0.2/yr) # - - 1 - - - 1
vol $745M $745M
  10

Most Recent M&A

Company Date Value Type
Endeavor Energy Resources, LP 2024-02-12 26.0B USD Merger
Midland, Texas · www.endeavorenergylp.com
Deep Blue Midland Basin LLC 2023-09-11 - Joint Venture
Houston, Texas · www.deepbluewater.com
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 9 (100%) 39.2B (100%) 1 (100%) 745M (100%)
Total 9 $39.2B 1 $745M

By Geo

State/Country Buy Value Sell Value
United States 9 39.2B 1 745M
  Texas 6 26.9B 1 745M
  Kansas 1 850M - -
  Colorado 1 2.2B - -
  Alabama 1 9.2B - -
Total 9 $39.2B 1 $745M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
2
Jefferies
2
Goldman Sachs
1
Legal Deals
Akin Gump Strauss Hauer & Feld LLP
2
Kirkland & Ellis
2
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 3 $37.4B
$100M to $1B 2 $1.8B
TOTAL $39.2B
Largest Endeavor Energy Resources, LP
$26.0B (2024-02-12)
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)
22%
2 (22%)
Strategic(s)
33%
3 (33%)
Divested to
Strategic(s)
100%
1 (100%)

 Subscribe to unlock this and 201,535
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.