M&A Deal Summary

Diamondback Energy Acquires Endeavor Energy Resources

On February 12, 2024, Diamondback Energy acquired oil/gas exploration company Endeavor Energy Resources for 26.0B USD

Acquisition Highlights
  • This is Diamondback Energy’s 9th transaction in the Oil/Gas Exploration sector.
  • This is Diamondback Energy’s largest (disclosed) transaction.
  • This is Diamondback Energy’s 9th transaction in the United States.
  • This is Diamondback Energy’s 6th transaction in Texas.

M&A Deal Summary

Date 2024-02-12
Target Endeavor Energy Resources
Sector Oil/Gas Exploration
Buyer(s) Diamondback Energy
Deal Type Merger
Deal Value 26.0B USD
Advisor(s) J.P. Morgan Securities
Goldman Sachs (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
Vinson & Elkins (Legal)

Target

Endeavor Energy Resources

Midland, Texas, United States
website
Endeavor is an oil/gas exploration and production company. The company holds ~470,000 net acres across multiple basins, inclusive of 344,000 net acres in the core 6 Midland basin counties. Endeavor Energy Resources was formed in 1979 and is based in Midland, Texas.

Search 193,103 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Diamondback Energy

Midland, Texas, United States

website


Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees870
Revenue 9.6B USD (2022)
DESCRIPTION

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations. Diamondback Energy was founded in 2007 and is based in Midland, Texas.


DEAL STATS #
Overall 9 of 9
Sector (Oil/Gas Exploration) 9 of 9
Type (Merger) 1 of 1
State (Texas) 6 of 6
Country (United States) 9 of 9
Year (2024) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-11 Deep Blue

Houston, Texas, United States

Deep Blue develops, owns, and operates integrated midstream water infrastructure networks for exploration and production companies. Deep Blue is based in Houston, Texas.

Buy -