Diamondback Energy Completes Divestiture of Williston Basin Assets

Source: www.gulfoilandgas.com 10/21/2021, Location: North America

Diamondback Energy, Inc. (FANG) (“Diamondback”) announced that it has completed its previously announced divestiture of its oil and gas assets in the Williston Basin to Oasis Petroleum Inc. The Company also issued a notice of redemption providing for the redemption of $650 million aggregate principal amount of the Company’s 0.900% Senior Notes due 2023 (the “2023 Notes”), representing all of the outstanding 2023 Notes, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest on the 2023 Notes redeemed to but not including the redemption date, which is scheduled for October 31, 2021. Payment of the redemption price is scheduled to be made on Monday, November 1, 2021.


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