Diamondback Energy, Inc. (FANG) and Endeavor Energy Resources, L.P. have announced a definitive merger agreement, set to create a Permian Basin powerhouse. This deal, valued at $26 billion, will combine the strengths of two major players in the U.S. shale oil industry.Let's delve into the details of this agreement.Understanding the Merger AgreementPer the terms of the agreement, Diamondback and Endeavor will come together in a transaction structured to include a combination of stock and cash. This transacti ...