Diamondback in $560m Delaware deal

US junior Diamondback Energy has reached an agreement to buy almost 20,000 net acres in the Delaware sub-basin of the Permian for $560 million from privately held Luxe Energy in a move that marks a new record for acreage in the area.

Diamondback in $560m Delaware deal
Published 13 July 2016, 17:50Updated 25 October 2016, 15:23