West Texas stalwart Diamondback Energy Inc. has struck a deal to buy Permian Basin acreage in the Midland sub-basin from Ajax Resources LLC for $900 million and 2.58 million shares worth an estimated $345 million.
Ajax
Articles from Ajax
W&T Cleaning Balance Sheet With Permian Sale to Ajax
W&T Offshore Inc. is selling its Yellow Rose field interests in the Permian Basin to recently formed Ajax Resources LLC for $376.1 million. Proceeds will go toward paying down debt and supporting liquidity in anticipation of opportunistic acquisitions offshore, W&T said.
September 1, 2015
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
