Diamondback Energy, Inc. acquires certain subsidiaries of Double Eagle IV Midco, LLC
Type: Acquisition · Technology: Oil Gas, Other · Country: United States · Value: $3B · Announced: 2025-02-18
Diamondback Energy agreed to acquire certain subsidiaries of Double Eagle IV Midco, LLC in exchange for ~6.9 million shares of Diamondback common stock and $3.0 billion cash to acquire Midland Basin assets (~40,000 net acres, ~27 MBbl/d run-rate production) with the transaction expected to close April 1, 2025.
Counterparties
- Diamondback Energy, Inc (Buyer)
- Double Eagle IV Midco, LLC (Seller)
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