Diamondback Energy completed the acquisition of Endeavor Energy Resources for $26bn.

Diamondback Energy, an independent oil and natural gas company headquartered in Midland, Texas, completed the acquisition of Endeavor Energy Resources, a privately-held exploration and production company, for $26bn. “We are pleased to announce the closing of this transformative merger, creating a ‘must own’ North American independent oil company. Today, Diamondback is not only bigger, but better. Our high-quality inventory located in the heart of the Permian Basin gives us the running room to do what we do best: turn rock into cash flow,” Travis Stice, Diamondback Energy Chairman and CEO.