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Diamondback Energy Eyes $25B Endeavor Energy Merger

Shale rivals Diamondback Energy and Endeavor Energy are reportedly in late-stage discussions for a potential merger valued at $25 billion. Diamondback Energy would become the majority owner of the combined entity. This deal would follow a series of major consolidations in the energy sector.

by Terry Bingman
Mon, Feb 12, 2024 1:41pm
in Business
• 2 mins read
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Diamondback Energy Eyes B Endeavor Energy Merger | FinOracle

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Diamondback Energy and Endeavor Energy in Advanced Talks for Potential Merger

According to sources close to the matter, shale rivals Diamondback Energy Inc. and Endeavor Energy Resources are said to be in late-stage discussions regarding a potential merger. The Wall Street Journal reports that the deal could be finalized as early as Monday.

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