Diamondback in $26B deal to buy Endeavor Energy in growing Permian push

Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the third-largest oil and gas producer in the region behind Exxon and Chevron, with both having announced recent deals.The deal comes amid a wave of consolidation in the prolific Permian Basin to boost production - the biggest in 2023 was Exxon buying Pi ...