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Stock Market & Financial Investment News

News Breaks
February 20, 2014
06:01 EDTFANGDiamondback Energy to acquire additional working interest in Midland basin
Diamondback Energy announced the company has entered into a definitive purchase agreement to acquire an additional 1,858 net leasehold acres in Martin County, Texas, representing a 28.8% working interest, for approximately $114.3M, subject to certain adjustments. On Tuesday, February 18, the company announced that it had entered into definitive purchase agreements to acquire 6,450 gross acres in Martin County for approximately $174M and that under the terms of the existing joint operating agreement the company had made offers to the remaining working interest owners to acquire their interests in the acreage for the same proportionate price. As a result of the additional purchase announced today, Diamondback has now entered into definitive agreements to acquire an aggregate of 4,683 net acres, representing a 72.6% working interest, for an aggregate purchase price of $288.3M, subject to certain adjustments.
News For FANG From The Last 14 Days
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January 21, 2015
09:16 EDTFANGOn The Fly: Pre-market Movers
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09:15 EDTFANGDiamondback Energy 1.75M share Spot Secondary priced at $60.50
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06:41 EDTFANGDiamondback Energy files to sell 1.5M shares
Diamondback intends to use the net proceeds from this offering to repay a portion of the outstanding borrowings under its revolving credit facility. Credit Suisse Securities (USA) LLC is acting as sole book-running manager for the offering.

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