Oil and Gas
Diamondback Energy Acquires Double Eagle IV
Diamondback Energy acquired subsidiaries of Double Eagle IV Midco in a transaction valued at more than $4 billion, including about $3 billion in cash and 6.9 million Diamondback shares. The deal includes approximately 40,000 net acres in the core of the Midland Basin; Estimated run-rate production of approximately 27 MBo/d (69% oil); $200 million of […]