Diamondback to buy additional Midland Basin acreage for $114M

Diamondback Energy (FANG) agrees to buy an additional interest in the Midland Basin for $114M, two days after announcing a $174M purchase in the same area.

With the agreements, FANG says it has deals to acquire 4,693 net acres, or a ~72.6% working interest, of such interests in Martin County, Texas.

To finance some of the purchases, FANG says it is launching a public offering of 3M common shares.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs