Diamondback Energy to acquire certain subsidiaries of Double Eagle in a $4.1bn deal.

Diamondback Energy, an independent oil and natural gas company, agreed to acquire certain subsidiaries of Double Eagle, an energy company, in a $4.1bn deal. “We are excited to announce our agreement with Diamondback. We believe our team has built a truly standout asset that further increases Diamondback’s high-quality inventory. It was important to us that we maintain the stewardship of this asset going forward not only with a world-class Midland operator but also a group that shares our core values and understands the importance of community impact in West Texas,” Cody Campbell and John Sellers, Double Eagle Co-Chief Executive Officers.