Diamondback Energy has reached an agreement to buy Texas oil and gas producer Endeavor Energy Resources for $26 billion in stock and cash.
From the union a colossus of the Permian basin is born.
The agreement is the latest in a series of agreements that are transforming the American energy industry.
In the last four months Exxon Mobil bought Pioneer Resources for $60 billion, Chevron bought Hess for $53 billion and Occidental Petroleum bought CrownRock for $10.8 billion.
Reproduction reserved © Copyright ANSA