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.