Diamondback Energy Acquires Leasehold Interests and Assets of FireBird Energy LLC

Diamondback Energy Acquires QEP Resources in All-Stock Transaction

December 21, 2020

Oil & Gas

Diamondback Energy agreed to acquire QEP Resources in an all-stock merger valued at approximately $2.2 billion including net debt. The deal adds material Tier‑1 Midland Basin acreage to Diamondback's portfolio, is expected to be accretive on 2021 per‑share metrics, and will be financed via an exchange of Diamondback shares for QEP stockholders.

Warrior Technologies Acquires Field Services Unit from Diamondback Energy

January 28, 2025

Environmental Services

Midland-based Warrior Technologies acquired a field services unit from Diamondback Energy (originally part of Endeavor Energy Resources), adding 84 employees and 607 pieces of equipment to its fleet. The acquisition expands Warrior's surface and soil remediation and emergency response capabilities and strengthens its presence in the Permian and Delaware Basins.

Pioneer Natural Resources Acquires DoublePoint Energy Assets in Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed the acquisition of the leasehold interests and related assets of DoublePoint Energy (structured as the purchase of Double Eagle III Midco 1 LLC) in the Midland Basin for approximately $6.2–$6.4 billion in stock, cash and assumed debt. The transaction adds ~97,000 contiguous net acres to Pioneer's Midland Basin footprint and was approved by the boards of the companies; DoublePoint was backed by equity commitments from Apollo, Quantum Energy Partners, Magnetar Capital and Blackstone Credit.

Black & Veatch Acquires Bird Electric

August 15, 2023

Construction

Black & Veatch has acquired Bird Electric Enterprises and Bird Electric Properties (both part of BASElectric Holdings, LLC). The acquisition brings more than 600 electrical construction and emergency restoration professionals into Black & Veatch’s Grid Solutions portfolio, expanding its capabilities across transmission, distribution, renewables, EV charging and storm restoration markets.

Devon Energy Acquires RimRock Oil & Gas's Williston Basin Leasehold Interests

June 8, 2022

Oil & Gas

Devon Energy Corp. agreed to acquire the leasehold interests and related assets of RimRock Oil and Gas, LP (a Warburg Pincus portfolio company) in the Williston Basin for $865 million in cash. The bolt-on transaction, expected to close in Q3 2022 with an April 1, 2022 effective date, adds contiguous acreage, ~15,000 Boe/d (Q1) of production and operational synergies to Devon's Williston position.

Deep Blue Midland Basin LLC Acquires Environmental Disposal Systems, LLC from Diamondback Energy

September 2, 2025

Energy

Deep Blue Midland Basin LLC, the Midland Basin water-infrastructure platform backed by Five Point and Diamondback, agreed to acquire Environmental Disposal Systems, LLC from Diamondback Energy. The transaction (valued at $750 million) nearly doubles Deep Blue's scale, secures a 15-year dedication from Diamondback, and is expected to unlock operational and commercial synergies across the integrated produced-water system.