Deal Insight
Diamondback acquires Endeavor Energy for US$26 billion
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The Permian consolidation wave continues as Diamondback Energy (FANG) announced a merger with Midland private Endeavor Energy Resources for US$26 billion. This is the second largest deal consideration ever for a Permian pure-play after ExxonMobil's Pioneer acquisition, and the largest regional private player to sell. The deal combines the seventh (FANG) and ninth (Endeavor) largest Permian producers to form the third largest producer and a new Permian powerhouse.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Midland Basin - Diamondback and Endeavor leasehold
- Martin County Spraberry Deep sub-play well performance
- Remaining Midland Basin inventory comparison by sub-play
- Midland Basin sub-play map
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
Other reports you may be interested in
Insight
US upstream in brief: Diamondback acquires the most coveted Midland target
The US week in brief highlights the need-to-know current events from US upstream. Stories are supplemented with proprietary WoodMac views.
$1,350
Asset Report
DJ Niobrara Key Play
Detailed play intelligence including analysis on activity, costs, subsurface and operator performance.
$22,800
Insight
Global mining capex spend: winners and losers
A cross commodity analysis of capital expenditure in mining and metals from 2009 to 2019.
$1,050
