Diamondback Energy, Endeavor Energy finalizing a merger to create $50 bln company -Wall Street Journal

Feb 12 2024 01:01 AM IST

Permian rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a merger. The merger would create an oil and gas company which could be valued at more than $50 billion, the Wall Street Journal reported. The two companies are based in the Permian Basin.

Feb 11 (Reuters) - Permian rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a merger that would create an oil and gas company which could be valued at more than $50 billion, the Wall Street Journal reported on Sunday. (Reporting by Utkarsh Shetti in Bengaluru; Editing by Josie Kao)

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