Operator
Ladies and gentlemen, thank you for standing by and welcome to the Diamondback Energy Fourth Quarter 2020 Earnings Call. [Operator Instructions]
I would now like to hand the conference over to your host, Vice President of Investor Relations, Adam Lawlis. Sir, please go ahead.
Adam T. Lawlis
Vice President, Investor Relations
Thank you, Latif. Good morning, and welcome to Diamondback Energy s fourth quarter 2020 conference call. During our call today, we will reference an updated investor presentation, which can be found on Diamondback s website.
Representing Diamondback today are Travis Stice, CEO and Kaes Van t Hof, CFO. During this conference call, the participants may make certain forward-looking statements relating to the Company s financial condition, results of operations, plans, objectives, future performance and businesses. We caution you that actual results could differ materially from those that are indicated in these forward-looking statements due to a va
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Viper Energy Partners Fourth Quarter 2020 Earnings Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today s call is being recorded.
[Operator Instructions] I would now like to hand the call over to Adam Lawlis, Vice President, Investor Relations. Please go ahead.
Adam Lawlis
Vice President, Investor Relations
Thank you, Michelle. Good morning, and welcome to Viper Energy Partners fourth quarter 2020 conference call. During our call today, we will reference an updated investor presentation, which can be found on Viper s website. Representing Viper today are Travis Stice, CEO; and Kaes Van t Hof, President.
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Diamondback Energy rounded off a tumultuous year for the US shale industry with the acquisition of two rivals for about $1.4 billion that will expand the company’s position in the Permian Basin.
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.
Separately, Diamondback announced the purchase of closely-held Guidon Operating. That cash-and-stock transaction values Guidon, which was co-founded in 2016 by funds managed by Blackstone Group, at about $862m.
“These trying times can present great opportunities for companies that are prepared,” Diamondback chief executive Travis Stice told analysts and investors during a conference call. “These acquisitions check every box when it comes to Diamondback’s corporate development strategy.”