$26 Billion Oil Mega-Merger: Diamondback Energy Acquiring Rival Endeavor
FANGDiamondback Energy(FANG) Forbes·2024-02-12 22:31

Topline Texas oil and natural gas firm Diamondback Energy announced Monday it will buy its privately held competitor Endeavor Energy in an agreement valuing the latter at roughly 26billion,thelatestmassiveenergydealamidanotherwisequiettimefordealmaking.DiamondbackandEndeavor,twoleadersintheoilrichPermianBasin,willcombinetoformamore...[+]than26 billion, the latest massive energy deal amid an otherwise quiet time for dealmaking. Diamondback and Endeavor, two leaders in the oil-rich Permian Basin, will combine to form a more ... [+] than 50 billion entity. AFP via Getty Images Key Facts Diamondback’s offer of roughly $17.8 billion worth of its publicly traded stock at ...