Diamondback energy, inc. and endeavor energy resources, l.p. to merge to create a premier permian independent oil and gas company

Midland, texas, feb. 12, 2024 (globe newswire) -- diamondback energy, inc. (nasdaq: fang) (“diamondback” or the “company”) and endeavor energy resources, l.p. (“endeavor”), today announced that they have entered into a definitive merger agreement under which diamondback and endeavor will merge in a transaction valued at approximately $26 billion, inclusive of endeavor's net debt. the combination will create a premier permian independent operator.
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