M&A Deal Summary |
|
|---|---|
| Date | 2022-11-16 |
| Target | Lario Oil & Gas - Northern Midland Basin |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Diamondback Energy |
| Sellers(s) | Lario Oil & Gas |
| Deal Type | Divestiture |
| Deal Value | 850M 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 | 7 of 9 |
| Sector (Oil/Gas Exploration) | 7 of 9 |
| Type (Divestiture) | 3 of 3 |
| State (Kansas) | 1 of 1 |
| Country (United States) | 7 of 9 |
| Year (2022) | 2 of 2 |
| Size (of disclosed) | 5 of 5 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-11 |
Deep Blue
Houston, Texas, United States Deep Blue develops, owns, and operates integrated midstream water infrastructure networks for exploration and production companies. Deep Blue is based in Houston, Texas. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1927 |
| Sector | Oil/Gas Exploration |
Lario Oil & Gas is a provider of energy exploration and production company focused on the Permian Basin. Lario Oil & Gas was founded in 1927 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Kansas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-03 |
Trail Ridge Energy Partners
Grapevine, Texas, United States Trail Ridge Energy Partners is an oil and gas exploration and production company focused primarily in the Permian Basin in West Texas. |
Buy | - |
