Brigham Resources, LLC, an Austin-based oil and gas exploration company, was acquired by Diamondback Energy for $2.55 billion in a strategic move to enhance its asset base in the evolving U.S. energy market.

Information on the Target

Brigham Resources, LLC was an oil and gas exploration and production company headquartered in Austin, Texas. The company specialized in two primary strategies: the acquisition and development of acreage positions in unconventional domestic oil and liquid resource plays, and the acquisition of perpetual rights to non-operated oil and gas minerals. This approach allowed Brigham to gain access to resource plays from the early land capture stage until just prior to drilling.

Brigham Resources successfully positioned itself within the competitive landscape of the oil and gas industry, leveraging its strategic acquisitions to enhance its operational capabilities and resource portfolio. The company aimed to harness the value of its resource plays through effective management and technological innovation.

Industry Overview in the United States

The oil and gas industry in the United States has undergone significant transformations in recent years, driven by advancements in extraction technologies such as hydraulic f