Diamondback Energy is in talks to buy Permian Basin oil producer Double Eagle for over $5 billion.

Diamondback Energy is reportedly in talks to acquire Double Eagle, a major Permian Basin oil producer, for over $5 billion. If finalized, this would be another big move for Diamondback, which recently acquired Endeavor Energy Resources for $26 billion. A deal could be announced soon, though other companies might also make offers for Double Eagle.

1 month ago
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