Permian Rivals Reach Deal to Create $50 Billion Oil-and-Gas Behemoth

February 13, 2024

Rivals Diamondback Energy FANG 9.38%increase; green up pointing triangle and Endeavor Energy Resources are merging to create an oil-and-gas behemoth worth more than $50 billion, as higher oil prices and a rush to grab prime acreage fuel consolidation in the energy sector.

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