Deal Evaluations that Once Took Days Now Take Minutes

Elliott Management Offers To Acquire QEP Resources For $2.55B

Cimarex Buys Out Resolute For ~$1.62b To Acquire Southern Delaware Assets

Diamondback Acquires Midland Assets from Ajax for $1.25B

Latest Deals

Elliott Management Offers To Acquire QEP Resources For $2.55B
  • Covers 50,700 net acres in Martin, Andrew and Crockett counties in Midland basin
  • Production Q3-2018: ~52 MBOE/d (74% oil, 15% NGLs, 11% gas)
  • During 2018, QEP transitioned into a Pure Permian company by announcing divestitures of its Williston, Uinta and Haynesville assets
SEE DEAL
Cimarex Buys Out Resolute For ~$1.62b To Acquire Southern Delaware Assets
  • Cimarex is the most active operator in the region with 4 active rigs and over 25 active permits in Reeves and Culberson
  • The acquisition adds 21,100 net acres
  • Cimarex buys out Resolute’s Wolfcamp acreage in Reeves County for $1.616 billion at $24,352/Acre
SEE DEAL
Diamondback Acquires Midland Basin Assets From Ajax For $1.25B
  • The acquisition increases Diamondback's core Midland acreage to 109,000 net acres and doubles its net locations to 680
  • The net current production from the assets is ~12.1 MBOE/d (88% oil)
  • Ajax acquired this acreage for $376 million in August 2015 and flipped it to Diamondback for over 3X within three years
SEE DEAL

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