T&K Client Ajax Resources Featured in Kallanish Energy on $1.25 Billion Sale of Permian

“Ajax selling Midland Basin assets to ‘FANG’ for $1.24B”; August 10, 2018

Independent producer Ajax Resources said Thursday it’s signed a deal with fellow independent Diamondback Energy (FANG) for the sale of Ajax’s northern Midland Basin assets for $1.24 billion in cash and stock.

The deal breakdown includes $900 million in cash and 2.58 million shares of Diamondback common stock, subject to certain closing adjustments, Kallanish Energy calculates.

…Jefferies acted as sole financial advisor to Ajax and Thompson & Knight served as legal advisor to the buyer.