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Diamondback, Endeavor Merger: Permian Powerhouse Formed

Diamondback Energy and Endeavor Energy Resources are set to merge in a $26 billion deal, creating a dominant player in the Permian Basin. The merger aims to optimize capital allocation and generate substantial financial benefits for shareholders. It positions Diamondback Energy as a leading player in the region and offers value creation opportunities.

by Mark Eisenberg
Mon, Feb 12, 2024 3:42pm
in Business
• 2 mins read
14.1k
Diamondback, Endeavor Merger: Permian Powerhouse Formed | FinOracle

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Diamondback Energy and Endeavor Energy Resources to Merge in $26B Deal

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. have announced a merger agreement worth approximately $26B, including Endeavor’s net debt. The deal is set to close in the fourth quarter of 2024 and will establish a dominant independent operator in the Permian Basin.

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