DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets.
in its Current Report on Form 8-K filed on March 6, 2017,
Diamondback acquired certain oil and natural gas properties,
midstream assets and other related assets in the Delaware Basin
(the Acquisition) from Brigham Resources Operating, LLC.
Diamondback hereby amends the initial report to provide the
audited financial statements and pro forma financial information
contemplated by Item 9.01(a) and (b) of Form 8-K in connection
with the Acquisition.
December 31, 2016, 2015 and 2014 and the related consolidated and
combined statements of operations, statements of members equity
and statements of cash flows of Brigham Resources Operating, LLC
for each of the three years ended December 31, 2016 and the
related notes thereto, are attached hereto as Exhibit 99.1.
Company as of December 31, 2016, which gives effect to the
Acquisition as if it had occurred on December 31, 2016, and the
unaudited pro forma condensed combined statement of operations
for the year ended December 31, 2016 and the related notes
thereto, which gives effect to the Acquisition as if it had
occurred on January 1, 2016, are attached hereto as Exhibit 99.2.
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Exhibit Number
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Description
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23.1
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Consent of KPMG LLP, Independent Auditors for Brigham
Resources Operating, LLC. |
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99.1
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Audited consolidated and combined balance sheets as of
December 31, 2016, 2015 and 2014 and the related consolidated and combined statements of operations, statements of members equity and statements of cash flows of Brigham Resources Operating, LLC for each of the three years ended December 31, 2016 and the related notes thereto. |
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99.2
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Unaudited pro forma condensed combined balance sheet of
the Company as of December 31, 2016, which gives effect to the Acquisition as if it had occurred on December 31, 2016, and the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2016 and the related notes thereto, which gives effect to the Acquisition as if it had occurred on January 1, 2016. |
About DIAMONDBACK ENERGY, INC. (NASDAQ:FANG)
Diamondback Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres. The Company, through its subsidiary Viper Energy Partners LP (Viper), owns mineral interests underlying approximately 46,560 gross (17,060 net) acres primarily in Midland County, Texas in the Permian Basin. Approximately 60% of these net acres are operated by the Company. It has drilled or participated in the drilling 490 gross wells on its leasehold acreage in Permian Basin area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. Its activities are focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which it collectively refers as the Wolfberry play. DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Recent Trading Information
DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) closed its last trading session up +1.90 at 100.28 with 2,751,136 shares trading hands.
