Diamondback Energy, the Texas-based company listed on the Nasdaq global exchange, has agreed to acquire privately-held Endeavor Energy Resources in a transaction valued at $26 billion to create a premier operator in oil and associated natural gas in the Permian Basin of West Texas and New Mexico.
Vital Energy Inc., the Tulsa, Oklahoma-based exploration and production company, has signed three transactions worth around $1.17 billion to add nearly 53,000 net acres to its assets in the Midland and Delaware areas of the Permian Basin with significant proved oil and natural gas reserves.