Sunday, July 13, 2025

Diamondback Energy Enters Delaware Basin with $560 Million Acquisition

Diamondback adds 19,180 net Delaware acres to its primarily Midland Basin assets Diamondback Energy (ticker: FANG) announced today that the company purchased 38,765 gross (19,180 net) acres in the Southern Delaware Basin for $560 million. The acquisition will provide Diamondback with primarily operated leasehold interests, the majority of which are located along the Pecos River in reeves and Ward counties,