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Diamondback Completes Acquisition of Double Eagle IV Holdings
FANGDiamondback Energy(FANG) ZACKS·2025-04-02 11:35

Diamondback Energy Inc. (FANG) recently completed its 4.1billiondealtoacquireDoubleEagleIV,anenergycompanybackedbyEnCapInvestments.Thisdeal,whichwas firstannouncedonFeb.18,hasgivenFANGamajorboostinitsoperationsintheMidlandBasin.Thetransactioninvolved4.1 billion deal to acquire Double Eagle IV, an energy company backed by EnCap Investments. This deal, which was first announced on Feb. 18, has given FANG a major boost in its operations in the Midland Basin. The transaction involved 3 billion in cash and about 6.9 million shares of FANG stock, increasing its portfolio significantly in one of the most productive oil areas in the United States. Details of the Deal: Financials and StrategyThe billion-do ...