Diamondback Energy has announced a definitive agreement to acquire subsidiaries of Double Eagle IV Midco, marking an expansion in the Midland Basin, US. The assets being acquired encompass around 40,000 net acres in the Midland Basin's core and are expected to produce 27,

The Wall Street Journal reports Diamondback Energy is in talks to acquire Double Eagle Energy IV in a deal that could be worth $5 billion

The oil and natural gas company reached an agreement with Double Eagle in exchange for 6.9 million shares of its common stock and $3 billion in cash.

Diamondback Energy said on Tuesday it would buy certain units of EnCap Investments-backed energy producer Double Eagle for $4.08 billion in cash and stock, expanding its presence in the oil-rich U.S.

Diamondback Energy, a major player in the shale oil industry, has announced its acquisition of certain units of Double Eagle Energy. The deal, valued at approximately $4.08 billion, will be settled through a combination of cash and stock.