Diamondback Energy Acquires Leasehold Interests and Assets of FireBird Energy LLC

Diversified Energy To Acquire Birch Permian Holdings for $1.8 Billion

September 3, 2026

Energy

Diversified Energy has agreed to acquire Birch Permian Holdings (and certain affiliated companies) for approximately $1.8 billion, expanding its Permian Basin operated position. The company expects the deal to increase production by ~35% and adjusted EBITDA by ~55%, with closing expected in Q4 2026 subject to regulatory approvals and customary conditions.

Continental Resources Acquires FireBird Energy II LLC

August 20, 2026

Oil & Gas

Continental Resources entered into an agreement to acquire FireBird Energy II LLC from Quantum Capital Group. The all-cash acquisition will expand Continental’s Permian Basin position by adding ~54,000 net acres in the Midland Basin, along with producing and development inventory adjacent to its existing footprint, with expected closing in September 2026.

Dragonfly Energy Acquires Substantially All Operating Assets of Dakota Lithium Brand

July 31, 2026

Energy

Dragonfly Energy Holdings Corp. completed the acquisition of substantially all of the operating assets associated with the Dakota Lithium brand for $4.0 million. The acquired assets include the Dakota Lithium brand and related intellectual property, inventory, a complementary battery portfolio, and customer and distributor relationships, which Dragonfly plans to operate as a distinct brand alongside Battle Born Batteries.

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.

Diamondback Energy to Acquire Rattler Midstream in $2.2 Billion All-Stock Deal

May 15, 2022

Infrastructure

Diamondback Energy, Inc. agreed to acquire all publicly held common units of Rattler Midstream LP not already owned by Diamondback and its subsidiaries in an all-stock transaction valued at about $2.2 billion. The definitive agreement was entered into on May 15, 2022, and the deal was expected to close in the third quarter of 2022 subject to customary conditions.

Pioneer Natural Resources Completes Acquisition of DoublePoint Energy Leasehold Interests in the Midland Basin

May 4, 2021

Oil & Gas

Pioneer Natural Resources completed its previously announced acquisition of the leasehold interests and related assets of DoublePoint Energy in the Midland Basin for total consideration of $6.2 billion. The deal added approximately 97,000 net acres and was structured with Pioneer paying $1.0 billion in cash, issuing 27.2 million shares, and assuming $890 million of debt.