Diamondback energy, inc. announces closing of acquisition from guidon operating llc

Midland, tx., feb. 26, 2021 (globe newswire) -- diamondback energy, inc. (nasdaq: fang) (“diamondback” or the “company”) today announced that it has completed its previously announced acquisition of leasehold interests and related oil and gas assets from guidon operating llc, a portfolio company of blackstone energy partners. aggregate consideration consisted of $375 million in cash and 10.68 million shares of the company's common stock after accounting for post-effective date adjustments. as a result of the acquisition, diamondback adds approximately 32,500 net acres in the northern midland basin, primarily held by production allowing for capital efficient full field development.
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