Diamondback Energy to expand in Permian with $4.08 billion deal
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Diamondback Energy is set to acquire units of Double Eagle in a $4.08 billion cash-and-stock deal, expanding its presence in the Permian Basin.
February 18, 2025 | 11:45 am
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Diamondback Energy is acquiring units of Double Eagle for $4.08 billion, enhancing its operations in the Permian Basin.
The acquisition is a significant strategic move for Diamondback Energy, as it expands its asset base in the resource-rich Permian Basin. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
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