M&A Deal Summary |
|
---|---|
Date | 2018-08-09 |
Target | Ajax Resources - Midland Basin Assets |
Sector | Oil/Gas Exploration |
Buyer(s) | Diamondback Energy |
Sellers(s) | Ajax Resources |
Deal Type | Divestiture |
Deal Value | 900M USD |
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Category | Company |
---|---|
Founded | 2007 |
Sector | Oil/Gas Exploration |
Employees | 1,023 |
Revenue | 8.3B USD (2023) |
Diamondback Energy is an independent oil and natural gas company 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 9 |
Sector (Oil/Gas Exploration) | 1 of 9 |
Type (Divestiture) | 1 of 3 |
State (Texas) | 1 of 6 |
Country (United States) | 1 of 9 |
Year (2018) | 1 of 3 |
Size (of disclosed) | 4 of 5 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-08-14 |
Energen
Birmingham, Alabama, United States Energen Corp. is an oil and gas exploration and production company with headquarters in Birmingham, Alabama. The company has approximately 775 million barrels of oil-equivalent proved, probable, and possible reserves and another 2.5 billion barrels of oil-equivalent contingent resources. Energen was founded in 1929 and is based in Birmingham, Alabama. |
Buy | $9.2B |
Category | Company |
---|---|
Founded | 2015 |
Sector | Oil/Gas Exploration |
Ajax Resources LLC is an exploration and production company focusing on oil and gas development in the Permian Basin. Company production and well site teams continuously analyze hazards associated with their work and build in appropriate safe design into their work sites.
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 (2018) | 1 of 1 |
Size (of disclosed) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2015-09-01 |
W&T Offshore - Permian Basin Assets
Texas, United States W&T Offshore - Permian Basin Assets includes approximately 25,800 highly contiguous net acres in Andrews, Martin, Gaines and Dawson counties in West Texas. |
Buy | $376M |