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Reuters/Hart Energy Staff
Mon, 12/21/2020 - 07:48 AM
The pending QEP acquisition, together with the previously announced pending acquisition of assets from Guidon Operating LLC, 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).
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[Editor s note: This story has been updated from a previous version posted at 7:51 a.m. CT Dec. 21.]
U.S. shale producer Diamondback Energy said on Dec. 21 it would buy rival QEP Resources Inc. in an all-stock deal valued at around $2.2 billion.