Diamondback Nears $5 Billion Deal to Buy Drilling Portfolio From Double Eagle, FT Says

Diamondback Nears $5 Billion Double Eagle Assets Deal, FT Says

Diamondback Energy Inc. is nearing a deal to acquire a portfolio of oil and gas assets in the Permian Basin of Texas from Double Eagle for about $5 billion, the Financial Times reported Sunday.

Diamondback nears $5 billion deal to buy drilling portfolio from Double Eagle, FT says

US shale producer Diamondback Energy is nearing a roughly $5 billion deal ​to acquire a drilling portfolio from Texas-based energy producer Double ‌Eagle, expanding its footprint in the oil-rich Permian Basin in Texas, the Financial Times reported, citing people familiar with ​the matter.

Diamondback nears $5B deal for Double Eagle’s Permian assets, FT reports

Diamondback Energy is nearing an approximately $5 billion purchase of Double Eagle V’s Permian assets; an agreement could come as early as next week.

Diamondback Nears Acquisition of Double Eagle V for About $5 Billion

Double Eagle V is backed by EnCap Investments and has oil and gas holdings in Texas’ Permian Basin.

Diamondback nears $5bn deal to expand drilling in oil-rich Permian Basin

Acquisition would be latest in the heartland of the US shale boom amid volatile energy prices caused by Iran war