Diamondback agreed to buy shale explorer QEP Resources in an all-stock deal that values the target at $2.29 per share, or about $555 million, the buyer said on Monday in a statement. The equal sum of the aggregate fair market value, serving as effective date adjustments, was calculated to be $375 million with 10.68 million common stock shares. Diamondback Energy, Inc. Announces Closing of Acquisition ... Home | Diamondback Energy, Inc. Diamondback purchased Guidon Energy in February 2021 and I have enjoyed the summer with my family and am now looking to join the next team to be able to utilize my technical and leadership skills . This deal closed on February 26, 2021. Blackstone's Permian Producer Guidon ... - Hart Energy View Webcast. We closed our two previously announced Guidon and QEP acquisitions in the quarter, and subsequently executed a successful tender offer and refinancing of QEP's senior notes. --Diamondback Energy, Inc. today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets from Guidon Operating LLC, a portfolio . Diamondback Energy, Inc. Announces Closing of Acquisition ... (Bloomberg) --Diamondback Energy Inc. rounded off a tumultuous year for the U.S. shale industry with the acquisition of two rival producers for about $1.4 billion that will expand the company's. midland, texas, dec. 21, 2020 (globe newswire) -- diamondback energy, inc. (nasdaq: fang) ("diamondback" or the "company") today announced it has entered into a definitive purchase agreement to. as of December 18, 2020, the Company entered into a Purchase and Sale Agreement by and among Guidon Operating LLC, Diamondback E&P LLC, the Company and, solely for certain limited purposes, Guidon Energy Holdings LP and Guidon Energy Management Services LLC (the "Purchase Agreement"); WHEREAS, under the Purchase Agreement, the Holders will The value of Diamondback's shares will depend on the . (Corrects Guidon deal to cash-and-stock from all stock) Dec 21 (Reuters) - U.S. oil producer Diamondback Energy Inc on Monday agreed to buy two rivals for a combined $3.2 billion including debt . Schedule 13G. Guidon, Exxon Mobil and Diamondback did not respond to a request for comment. For more information, please visit www.diamondbackenergy.com. The company was founded in 2007 and is headquartered in Midland, Texas. MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback" or the "Company") today announced it has entered into a definitive purchase agreement to . On a pro-forma basis, the double acquisition will boost Diamondback's holdings to over 276,000 acres in the Midland Basin where all three companies . Under the Securities Exchange Act of 1934 (Amendment No. The cash portion of this transaction is expected to be funded through a combination of cash . About Diamondback Energy, Inc. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback Energy announced two major transactions on December 21. Nov 3, 2020 9:00 AM EST. Diamondback Energy moved Dec 21 to buy small Texas Permian Basin operators QEP Resources and Guidon Energy, for a total of nearly $3 billion, continuing a streak of large corporate takeovers in the US Mon, 10/25/2021 - 05:05 PM. Diamondback Energy, Inc. (NASDAQ: FANG) entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Guidon Operating LLC in exchange for 10.63 million shares of Diamondback common stock and $375 million of cash. Diamondback Energy Inc. is selling certain water assets to its midstream affiliate, Rattler Midstream LP, through a recent dropdown transaction. The management team at Diamondback Energy announced two acquisitions on December 21st. To that end, Diamondback also agreed to acquire the leasehold interests and related assets of Guidon Operating LLC in exchange for 10.63 million shares of Diamondback common stock and $375 million . Diamondback Energy Fourth Quarter 2020 Earnings. Diamondback Energy closed out 2020 with the acquisition of publicly traded QEP Resources and private equity-sponsored Guidon Operating for a combined $3 billion. The acquisition of QEP Resources and Guidon Energy significantly enhances Diamondback's core Midland basin position 21 December 2020 19:46 GMT Updated 21 December 2020 19:46 GMT By Jennifer Lynn . Debt Transactions Issuances of Notes On March 24, 2021, Diamondback Energy, Inc. issued $650 million aggregate principal amount of 0.900% Senior Notes due March 24, 2023 (the "2023 Notes") . MIDLAND, Tx., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets from Guidon Operating LLC, a portfolio company of Blackstone Energy Partners. Summary. 2022-02-11 - Guidon Energy Holdings LP has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 10,590,033 shares of Diamondback Energy Inc (US:FANG). Hart Energy Staff. Not registered? Diamondback Energy Inc. has agreed to buy West Texas rival QEP Resources Inc. in an all-stock deal, extending a run of low-premium takeovers in the shale patch. Diamondback Energy Inc. rounded off a tumultuous year for the U.S. shale industry with the acquisition of two rivals for about $1.4 billion that will expand the company's position in the Permian . The business combination with QEP and the Guidon transaction are accretive on all relevant 2021 . The buying of Blackstone-sponsored Guidon Energy, similar to acquisitions of private equity-backed companies in prior years, is a mix of cash and stock with the value now tilted a bit more towards stock, according to Dittmar. FIRST QUARTER 2021 UPDATE Q1 2021 average production of 184.2 MBO/d (307.4 MBOE/d)Q1 2021 average unhedged realized prices of $56.94 per barrel of oil . We set the goal for our flaring before we bought QEP and Guidon. Summary Toggle. Midland-based Diamondback Energy said Monday it is acquiring QEP Resources and Guidon Operating. The pending QEP acquisition, together with the previously announced pending acquisition of assets from Guidon Operating LLC ("Guidon"), will bring Diamondback's total leasehold interests to over 276,000 net surface acres in the Midland Basin (429,000 Midland and Delaware Basin net acres) "The acquisition of QEP also checks every box of . Thank you, Phyllis. The acquisition of QEP Resources and of assets from Guidon Energy collectively look to be a bargain . We closed our two previously announced Guidon and QEP acquisitions in the quarter, and subsequently executed a successful tender offer and refinancing of QEP's senior notes. In addition to adding a foothold in the Williston Basin, the dual mergers helped Diamondback build out its position in the heart of the Midland Basin. Guidon Energy Holdings LP directly holds 9,081,616 shares of Common Stock and Guidon Operating LLC maintains voting rights with respect to 1,594,500 shares held in escrow until released to its designee or the designee of the Issuer, as applicable, in each case in accordance with the terms of the Purchase and Sale Agreement, dated December 18, 2020. MIDLAND, Tx., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced that it has completed its previously announced acquisition. The company will also acquire the assets of Guidon Operating for 10.63mn shares of Diamond stock and $375mn in cash. In reporting fourth-quarter earnings, Diamondback Chief Executive . The first involves the acquisition of Guidon Operating LLC. The deal will close by early second quarter next year. Diamondback also expects further support for cash flow through anticipated synergies of $60-80 million per year. MIDLAND, Texas, April 12, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided an operational update for the first quarter of 2021 and announced revised full year 2021 guidance. Q4 2020 average production of 175.8 MBO/d (299.0 MBOE/d), with average daily oil production up 3% over Q3 2020 MIDLAND, Tx., Feb. 26, 2021 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets from Guidon Operating LLC, a portfolio company of Blackstone Energy Partners. FANG Diamondback Energy Inc Amended Statement of Ownership (sc 13g/a) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1. As of March 31, 2021, Diamondback had $100 million in standalone cash and $52 . "Diamondback executed well in the first quarter 2021 and quickly overcame the adversity presented by Winter Storm Uri in February. Kirkland & Ellis advised Guidon Operating LLC ( "Guidon"), an oil exploration and production company, on the sale of all leasehold interests and related assets of Guidon to Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") in exchange for 10.63 million shares of Diamondback common stock and $375 million of cash. A schedule 13D is filed when a person or group of persons acquires beneficial ownership of more than 5% of a voting class of a company's equity securities. Diamondback's recent acquisitions include the $2.2 billion all-stock transaction of QEP Resources, which closed in March 2021. Diamondback Energy ( FANG 6.57%) Q4 . midland, texas, dec. 21, 2020 (globe newswire) -- diamondback energy, inc. (nasdaq: fang) ("diamondback" or the "company") today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of guidon operating llc ( "guidon" or the "seller") in exchange for 10.63 million shares of diamondback … Feb 23, 2021 9:00 AM EST. --Diamondback Energy, Inc. today announced that it has completed its previously announced acquisition of QEP Resources, Inc. in an all-stock merger following approval of the merger and related . Diamondback has entered into definitive agreements to acquire QEP Resources and assets from Guidon Energy, adding over 81,500 net acres in the Midland Basin 4 Oil 63% NGL 18% Oil 65% NGL 23% Gas 12% Oil 63% NGL 18% Gas 19% Summary of QEP and Guidon Midland Basin Assets Source: Company data, filings, and estimates and Enverus. Add Diamondback Energy Inc., Midland, Tex., to the list of oil and gas producers not looking for much production growth in 2022. On February 26, 2021, we completed the Guidon Acquisition, which included approximately 32,500 net acres in the Northern Midland Basin, . Diamondback plans to acquire QEP in an all-stock transaction valued at about $2.2 billion, including QEP's debt of $1.6 billion. )* Diamondback Energy, Inc. (Name Diamondback Energy Conference Call. FIRST QUARTER 2021 HIGHLIGHTS Previously announced Q1 2021 average production of 184.2 MBO/d (307.4 MBOE/d)Generated Q1 2021 cash flow from operating activities of $624 million. Dec 21, 2020 8:30 AM EST. . midland, texas, dec. 21, 2020 (globe newswire) — diamondback energy, inc. (nasdaq: fang) ("diamondback" or the "company") today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of guidon operating llc ( "guidon" or the "seller") in exchange for 10.63 million shares of diamondback … Guidon Energy, an oil exploration and production company majority-owned by private equity firm Blackstone Group Inc <BX.N>, is exploring a sale that could value the Permian basin operator at more . Diamondback Energy Inc. rounded off a tumultuous year for the U.S. shale industry with the acquisition of two rival producers that will expand the company's position in the Permian Basin. MIDLAND, Texas, May 03, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced financial and operating results for the first quarter ended March 31, 2021. MIDLAND, Texas, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Guidon Operating LLC ( "Guidon" or the "Seller") in exchange for 10.63 million shares of Diamondback common stock and $375 million . Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and . Diamondback's cash operating costs for the first quarter of 2021 were $8.06 per BOE, including LOE of $3.69 per BOE, cash G&A expenses of $0.54 per BOE, production and ad valorem taxes of $2.71 per BOE and gathering and transportation expenses of $1.12 per BOE. --Diamondback Energy, Inc. today provided an operational update for the first quarter of 2021 and announced revised full year 2021 guidance.. Q1 2021 average production of 184.2 MBO/d Q1 2021 . The deal, unanimously approved by the two companies' board of . This represents 5.8 percent ownership of the company. Diamondback Energy, Inc. Completes Acquisition of QEP Resources, Inc. MIDLAND, Texas, March 17, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the . Exxon Mobil Corp. and Diamondback Energy Inc. are among the companies studying a possible acquisition of Guidon, three sources said, cautioning that no deal is certain. Forward-Looking Statements Who is Diamondback Energy. Houston — Diamondback Energy moved Dec 21 to buy small Texas Permian Basin operators QEP Resources and Guidon Energy, for a total of nearly $3 billion, continuing a streak of large corporate takeovers in the US' biggest oil basin in the quest for scale and greater cash flows. included in this presentation that address activities, events or developments that Diamondback Energy, Inc. ("we",the "ompany" or "Diamondback")expects, believes or anticipates will or may occur in the future are forward- . "Diamondback executed well in the first quarter 2021 and quickly overcame the adversity presented by Winter Storm Uri in February. The company said it will acquire leasehold interests and related . Registration Rights Agreement, dated as of February 26, 2021, by and among Diamondback Energy, Inc., Guidon Operating LLC and Guidon Energy Holdings LP (incorporated by reference to Exhibit 4.3 to the Registration Statement on Form S-3, File No. Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in West Texas. Summary Toggle. Washington, D.C. 20549. Rattler, according to an Oct. 21 release, agreed to pay $160 million in cash to acquire the assets, which consist primarily of produced water gathering . Diamondback Energy announced that it is acquiring all of Guidon Operating's Permian Midland Basin acreage for $821 million in cash and stock. And we didn't adjust our goal just because we acquired assets that had much worse flaring . Separately, Diamondback announced the purchase of closely-held Guidon Operating. MIDLAND, Tx., Feb. 26, 2021 -- Diamondback Energy, Inc. today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets. Guidon Operating LLC and Guidon Energy Holdings LP acquired these shares from us on February 26, 2021 in connection with our acquisition of certain assets under the terms of the purchase and sale agreement, dated as of December 18, 2020, by and among us, our wholly owned subsidiary Diamondback E&P LLC, Guidon Operating LLC and certain of its . Diamondback Energy to Buy QEP and Guidon for Combined $3 Billion Diamondback Energy agrees to purchase QEP for all stock in a transaction valued at $2.2 billion, including QEP's debt of $1.6. Guidon Operating LLC. Diamondback said it agreed to purchase closely held Guidon Operating LLC. Independent oil and natural gas company, Diamondback Energy, Inc. has wrapped up its interest and asset acquisition from Guidon Operating LLC, a Blackstone Energy Partners company, according to a press release.. Blackstone declined to comment. Diamondback has entered into definitive agreements to acquire QEP Resources and assets from Guidon Energy, adding over 81,500 net acres in the Midland Basin Source: Management estimates, Company filings and Bloomberg; market data as of 12/18/2020. Listen to webcast. | March 16, 2022 "The acquisition of QEP also checks every box of Diamondback's corporate development strategy. Diamondback is also acquiring Guidon Energy in Midland for 10.63 million shares of Diamondback common stock and $375 million in cash. Tim Cutt, QEP president and CEO, said the merger with . SECURITIES AND EXCHANGE COMMISSION. MIDLAND, Texas, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced financial and operating results for the fourth quarter and full year ended December 31, 2020.. FOURTH QUARTER 2020 HIGHLIGHTS. 2022 Guidance: 2022 Guidance Diamondback Energy, Inc. Viper Energy Partners LP Total net production - MBOE/d: 369 - 376: 29.50 - 31.50: Oil production - MBO/d Good morning and welcome to Diamondback Energy's First . Diamondback Energy exited last year's oil market downturn in a stronger position than it entered by taking advantage of the opportunity and acquiring Guidon and QEP Resources. ("QEP")and acquisition of certain assets from Guidon Operating LLC ("Guidon"),and other important . UNITED STATES. Adam T. Lawlis-- Vice President Of Investor Relations. For more information, please visit www.diamondbackenergy.com. The company also purchased Blackstone-sponsored Guidon Energy in . Recent 13D Filings for Diamondback Energy, Inc. (FANG) Since 2020, there have been 15 Schedule 13D forms (beneficial ownership report) filed for the company Diamondback Energy, Inc. (stock symbol FANG) by 8 beneficial owners. Highlig That cash-and-stock deal values Guidon, which was co-founded in 2016 by funds managed with Blackstone Group, at about $862 million. Diamondback expects to maintain its low-cost structure with LOE expenses of approximately $4.00/boe in 2021-2023, and plans on applying their co-development strategy on QEP and Guidon acreage, which Fitch believes helps optimize inventory, enhance returns, and reduces completion costs. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. Guidon Operating LLC and Guidon Energy Holdings LP acquired these shares from us on February 26, 2021 in connection with our acquisition of certain assets under the terms of the purchase and sale agreement, dated as of December 18, 2020, by and among us, our wholly owned subsidiary Diamondback E&P LLC, Guidon Operating LLC and certain of its . /EIN News/ -- MIDLAND, Texas, March 17, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced that it has completed its previously announced acquisition of QEP Resources, Inc. (NYSE: QEP) ("QEP") in an all-stock merger following approval of the merger and related proposals by the QEP stockholders at their special meeting . Diamondback Energy announced today that it is acquiring fellow Permian Basin oil producers QEP Resources and Guidon Energy in separate deals that have a combined value of around $3 billion. The transactions will strengthen Diamondback's position in Midland Basin and bring Diamondback's total leasehold interests to more than 276,000 net surface acres with annual savings of at least $60 million from efficiencies. See the 10 stocks *Stock Advisor returns as of February 24, 2021. The purchase price is comprised of 10.63 million shares of Diamondback common stock and $375 million of cash. The acquisitions are a bet by Midland, Texas-based Diamondback on the resilience of the shale sector, whose production has dropped this year following the collapse of oil prices. Diamondback will purchase QEP Resources for $2.2bn, including $600mn in stock and assumption of QEP's $1.6bn in debt. 333-255731, filed by Diamondback Energy, Inc. with the SEC on May 3, 2021). MIDLAND, Texas, April 12, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided an operational update for the first quarter of . Citigroup Global Markets, Inc. and RBC Capital Markets are serving as financial advisors to Guidon, and Kirkland & Ellis LLP is serving as legal advisor to Guidon.About Diamondback Energy, Inc .
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