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Diamondback Boosts Midland Basin Presence With $4-Billion Acquisition

Summary by Oil Price

Diamondback Energy has announced the acquisition of Double Eagle in a deal valued at approximately $4 billion, expanding its presence in the Permian Basin.

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energynewsbeat.co

Diamondback Boosts Midland Basin Presence With $4-Billion Acquisition

Diamondback Energy has announced the acquisition of Double Eagle in a deal valued at approximately $4 billion, expanding its presence in the Permian Basin.

5 days ago·London, United Kingdom

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Financial Post

Diamondback Nears Permian Deal to Buy Shale Producer Double Eagle

(Bloomberg) — Diamondback Energy Inc. is closing in on a deal to acquire closely held West Texas oil producer Double Eagle in a bid to further its dominance in the world’s biggest shale patch, according to people familiar with the matter.

Diamondback Nears Permian Deal to Buy Shale Producer Double Eagle

Diamondback Energy Inc. is closing in on a deal to acquire closely held West Texas oil producer Double Eagle in a bid to further its dominance in the world’s biggest shale patch, according to people familiar with the matter.

7 days ago·United States

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Drilling Contractor

Diamondback acquires Double Eagle subsidiaries - Drilling Contractor

Diamondback Energy has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments. As part of this agreement, Diamondback and Double Eagle have also agreed to accelerate development on a portion of … The post Diamondback acquires Double Eagle subsidiaries appeared first on Drillin…

5 days ago

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Hart Energy

Diamondback Acquires Permian’s Double Eagle IV for $4.1B

Diamondback Energy has agreed to acquire EnCap Investments-backed Double Eagle IV for approximately 6.9 million shares of Diamondback and $3 billion in cash.

5 days ago

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