M&A Deal Summary

Oasis Acquires Diamondback Energy - Williston Basin Assets

On October 21, 2021, Oasis acquired oil/gas exploration company Diamondback Energy - Williston Basin Assets from Diamondback Energy for 745M USD

Acquisition Highlights
  • This is Oasis’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Oasis’ largest (disclosed) transaction.
  • This is Oasis’ 1st transaction in the United States.
  • This is Oasis’ 1st transaction in Texas.

M&A Deal Summary

Date 2021-10-21
Target Diamondback Energy - Williston Basin Assets
Sector Oil/Gas Exploration
Buyer(s) Oasis
Sellers(s) Diamondback Energy
Deal Type Divestiture
Deal Value 745M USD

Target

Diamondback Energy - Williston Basin Assets

Midland, Texas, United States
Williston Basin Assets is one of the largest sedimentary basins in the U.S. and has oil and gas production from several reservoirs.

Search 173,350 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Oasis

Houston, Texas, United States

website


Category Company
Founded 2007
SectorOil/Gas Exploration
Employees432
Revenue 1.1B USD (2020)
DESCRIPTION
Oasis Petroleum's corporate headquarters in downtown Houston, Texas.
Oasis Petroleum's corporate headquarters in downtown Houston, Texas.

Oasis is an independent oil and gas company focused on the acquisition and development of unconventional oil and natural gas resources. Oasis was formed in 2007 and is based in Houston, 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
PREVIOUS DEAL
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

Seller(S) 1

SELLER

Diamondback Energy

Midland, Texas, United States

website


Category Company
Founded 2007
SectorOil/Gas Exploration
Employees732
Revenue 2.8B USD (2020)
DESCRIPTION

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
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-21 Guidon Energy - Leasehold Interests & Related Assets

Irving, Texas, United States

Guidon Energy - Leasehold Interests & Related Assets includes approximately 32,500 net acres in the Northern Midland Basin, primarily held by production allowing for capital-efficient full-field development.

Buy -