Diamondback Energy nears acquisition of Double Eagle drilling portfolio for approximately $5 billion
FANG Diamondback Energy Inc
$184.93 +1.50%
View chart & analysis → - 1Diamondback Energy is finalizing a deal to acquire Double Eagle's drilling portfolio for approximately $5 billion.
- 2In February 2025, Diamondback Energy recorded a purchase price of $4.08 billion for specific Double Eagle units.
- 3Diamondback Energy signed an agreement last week to acquire a 70% stake in the Deep Blue Midland Basin from Five Point Infrastructure.
So what's the key point?
Diamondback Energy is buying Double Eagle's drilling assets for about $5 billion. This deal is expected to increase the size of the company.
Source Bloomberg +1 · View original ↗
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