Transaction Highlights

Client: FireBird Energy LLC

Type: M&A

Value: US $1.6 billion

RBC's role: Financial Advisor

On October 11, 2022. FireBird Energy LLC (“FireBird” or the “Company”) and Diamondback Energy, Inc. (“Diamondback” or “FANG”) announced a definitive agreement under which Diamondback will acquire FireBird in a cash and stock transaction valued at ~$1.6 billion. FireBird’s assets provide a highly complementary addition that will further enhance Diamondback’s position as a leading oil and gas company with scaled development operations across the Permian Basin.

RBC Capital Markets / RBC Richardson Barr served as Financial Advisor to FireBird on its sale to Diamondback.

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