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US: Diamondback Energy announces Northern Midland Basin acquisition

Diamondback Energy has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of Lario Permian, a wholly owned subsidiary of Lario Oil & Gas Company, and certain associated sellers in exchange for 4.18 million shares of Diamondback common stock and $850 million of cash.
Diamondback Energy Lario Permian Boigon Law Ltd Jp Morgan Securities Vinson Elkins Lario Oil Gas Company

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