Diamondback expands Permian Basin footprint with $4B Double Eagle deal
Diamondback Energy, a major player in the shale oil industry, has announced its acquisition of certain units of Double Eagle Energy. The deal, valued at approximately $4.08 billion, will be settled through a combination of cash and stock. Double Eagle Energy, backed by EnCap Investments, operates primarily in the Permian Basin, a region renowned for […]