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Diamondback in talks to amass Double Eagle for $5 billion, WSJ stories

Diamondback in talks to amass Double Eagle for  billion, WSJ stories



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.





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