Diamondback Energy to buy Endeavor in $26B deal creating a drilling giant in Southwestern U.S.
Diamondback Energy will buy rival Endeavor Energy Resources in a cash-and-stock deal valued at about $26 billion to create a drilling giant in the Southwestern United States. Growing confidence in an economic recovery, particularly in the U.S., has driven massive deals in the energy sector in recent months, including Chevron’s $53 billion acquisition of Hess […]