Several tweets highlight the significant M&A activity in the energy sector, particularly in the Permian basin. Diamondback is in talks to buy shale rival Endeavor for around $25 billion, creating a $50 billion company. This deal is part of a wave of consolidation in the U.S. energy industry, with experts predicting more transactions on the horizon.
⚠️ WHY ENDEAVOR ENERGY'S FOUNDER SOLD HIS COMPANY AFTER YEARS OF REBUFFING OFFERS (Reuters) For years, Endeavor Energy founder Autry Stephens' refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers. "It's… https://t.co/aKBrR1ZWiM
Oil M&A Is Hot. Here are Some Possible Targets. https://t.co/V7Q54eE9ic
Diamondback is targeting oil production 1,000 times higher than when it was founded two decades ago. It's time for the Texas oil giant to slow down, @JavierBlas writes https://t.co/va4qIjks6C via @opinion
Endeavor’s Autry Stephens Is Richest US Oilman After Diamondback Deal Texas driller agrees to sell for $26 billion in cash and stock Sale would make him 64th richest on Bloomberg’s wealth list #oott https://t.co/SfqS6eOC8d
Diamondback Vows Slow Growth, Fewer Rigs After Endeavor Deal Investors are not very interested in growing output, CFO says Combined company will operate fewer rigs but more efficiently #oott https://t.co/2a89yvPrT5
Diamondback is targeting oil production 1,000 times higher than when it was founded two decades ago. It's time for the Texas oil giant to slow down, @JavierBlas writes https://t.co/PxR4DXU1Jj
The Texas oil-and-gas industry is going nuts Major M&A deals since October: • Exxon/Pioneer $60 billion • Chevron/Hess $53 billion • Diamondback/Endeavor $26 billion • Occidental/Crownrock $12 billion
Two large Texas oil producers are joining forces in a deal valued at $26 billion, the latest in a wave of consolidation in the U.S. energy industry. https://t.co/Jj5fERYisa
[ ICYMI ] COLUMN: American oil tycoons and their families are cashing in. Two of the largest US privately-owned oil firms (CrownRock and Endeavor) have changed hands in recent weeks. Reupping my @Opinion column from Nov after the most recent M&A deal https://t.co/SewHY0wjm7
⚠️ FACTBOX-MORE US ENERGY DEALS LIKELY IN 2024 IN WAVE OF CONSOLIDATION (Reuters) The U.S. energy sector has entered a new phase of consolidation as the industry went on a $250-billion buying spree in 2023, and experts see more transactions on the horizon. Dealmaking is on the… https://t.co/gK76rvV6a7
More M&A coming to the oil and gas space https://t.co/5g6DGvVIue
Diamondback in talks to buy shale rival Endeavor for around $25 billion: report https://t.co/8xA3ThzpwX
$FANG - More Oil M&A, desperate times, follows $CVX $HES $PXD $XOM merges right at the top Diamondback, Endeavor Energy in talks to create $50 billion company, sources say https://t.co/J4sgzg1kFi
Continued M&A in energy. Now $450B in M&A in past 12 months.$FANG $XOM Value https://t.co/nUhLBznCxC
$FANG deal will create a $50 billion Permian behemoth
More high value M&A in the Permian basin ✅ https://t.co/4GkiRLfOse