Dec 14 Oil and gas producer Diamondback Energy
Inc said it would pay $2.43 billion to buy acreage in
Texas' Permian Basin, adding to a string of deals in the
prolific shale field.
Diamondback said it would pay privately held Brigham
Resources Operating LLC and Brigham Resources Midstream LLC
$1.62 billion in cash and 7.69 million of its shares to acquire
all of their leasehold interests and related assets.
The deal will give Diamondback interests on 76,319 net acres
in Pecos and Reeves counties in Texas, bringing the company's
total leasehold interests in the Permian Basin to about 182,000
(Reporting by Swetha Gopinath in Bengaluru; Editing by Shounak