[ TRANSACTION RECORD ]

Diamondback Energy Investment in Endeavor Energy Resources — 2024

VERIFIED VECTOR ID: 001552 · tx-080
M SOURCE NODE — FUNDER
Diamondback Energy
Energy United States
$26,000,000,000
EQUITY
12/02/2024
Q DESTINATION NODE — RECIPIENT
Endeavor Energy Resources
Company United States
Amount (USD)
$26.0B
Flow Type
EQUITY
Transaction Date
12/02/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Diamondback Energy
AUM 35000
HQ Location United States
Sector Energy
Recipient Profile [ Q ]
Entity Endeavor Energy Resources
Entity Type Company
Jurisdiction United States
Intelligence Note

Diamondback Energy entered into a definitive agreement to acquire Endeavor Energy Resources for approximately 26 billion dollars. The transaction creates a premier Permian Basin operator with a high-quality, long-term inventory of drilling locations. This deal is a major strategic consolidation in the US energy sector, focusing on operational scale and efficiency.

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Primary Forensic Source https://www.diamondbackenergy.com/news-releases/news-release-details/diamondback-energy-inc-acquire-endeavor-energy-resources-lp/
✓ SOURCE LINKED