Diamondback Energy收購Delaware盆地南部資產

Diamondback Energy?has entered into a definitive purchase agreement with an unrelated third party seller to acquire leasehold interests and related assets in the?Southern Delaware?Basin?for an aggregate purchase price of $560 million, subject to certain adjustments. Upon completion, the pending acquisition will provide Diamondback with primarily operated leasehold interests, the majority of which are located along the Pecos?River in Reeves and Ward?counties, Texas.

ACQUISITION HIGHLIGHTS:

19,180 net surface Delaware primarily in Reeves and Ward?counties

Approximately 1,000 boe/d of current net production based on data provided from the seller

Net proved developed reserves, based on internal estimates as of July 2016, were approximately 2.2 MMboe

290 net identified potential horizontal drilling locations across four zones with additional upside potential in other zones and through downspacing

Salt water disposal (“SWD”) infrastructure and additional assets valued at $10 to $15 million