Deal Insight
Diamondback sells its Williston assets to Oasis Petroleum for US$745 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Oasis Petroleum is acquiring Williston Basin assets from Diamondback Energy in a cash transaction for US$745 million. The transaction is largely a PDP-based valuation. The deal is opportunistic because Oasis can benefit from optionality in PUD inventory at higher prices and operational synergies. In addition, Oasis will obtain ~340 economic locations from the acquired adjacent acreages and boost Bakken production. Assuming a favourable price environment, Oasis is likely to generate more free cash flow with the acquired assets.
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
- Diamondback and Oasis Williston acreage
- 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:
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