Diamondback Energy Acquires Double Eagle for $4.08 Billion
Diamondback Energy is set to acquire certain units of EnCap Investments-backed energy producer Double Eagle for $4.08 billion in cash and stock, expanding its presence in the US Permian basin. The deal, expected to close on April 1, will grant access to approximately 40,000 net acres in the Midland Basin. The acquisition is Diamondback’s latest … Read more