In response to The Wall Avenue Journal, Diamondback Vitality is reportedly in talks to amass Double Eagle. Sources acquainted with the scenario counsel a proper deal announcement might be made within the upcoming days. Sources additionally famous the likelihood that one other potential purchaser might nonetheless step in.
Texas-based Double Eagle owns over 95,000 web acres within the Midland basin, making it one of many largest property within the Permian basin. Double Eagle is supported by private-equity agency EnCap Investments, and the acquisition would maintain a worth of greater than $5 billion if the deal is finalized.
