Diamondback sets $26bn deal for shale oil rival Endeavor Energy

In:

Oil & gas

Region:

Americas

US oil producer Diamondback Energy is to buy privately held rival Endeavor Energy Partners in $26 billion cash-and-stock deal.The combined company would be the third-largest oil and gas producer in the Permian Basin of West Texas and New Mexico, behind Exxon Mobil and Chevron, with both having...

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