Published 6 months ago

Diamondback Energy close to buying Endeavor in $25bn US oil deal

Diamondback and Endeavor have reached a deal to merge, creating a major player in the Permian Basin oil and gas field. The merger will result in a newly formed company with Diamondback shareholders owning about 60.5% and Endeavor shareholders owning 39.5%.
The merger will make the combined company the third largest producer in the Permian Basin, with the potential to produce 816,000 oil-equivalent barrels per day.
This merger is seen as a significant milestone for Endeavor Energy, which has been in operation for almost 45 years.

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Reuters

Headline Unavailable

6 months ago·United Kingdom

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Associated Press News

Diamondback Energy to buy Endeavor in $26 billion deal to create a Permian drilling giant

Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwest United States.

6 months ago·United States

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abc News

Diamondback Energy to buy Endeavor in $26 billion deal creating a drilling giant in Southwestern US

Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwest United States

6 months ago·United States

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Irish Independent

Diamondback bids to create $50bn energy giant with acquisition of Endeavor

Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50bn (€46.4bn).

5 months ago·Ireland

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Globo

Diamondback and Endeavor close to an agreement to form $50 billion energy giant

The result of the negotiation could be announced this Monday and would value Endeavor at around US$ 25 billion, sources with knowledge of the negotiation said

6 months ago·Brazil

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RTÉ

Diamondback Energy to buy Endeavor Energy for $26bn

Diamondback Energy has today decided to buy the largest privately held oil and gas producer in the Permian basin, Endeavor Energy Partners, in a cash-and-stock deal for about $26 billion, including debt.

6 months ago·Ireland

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