MELANY's data-driven read on Diamondback Energy, Inc. · Crude Petroleum & Natural Gas.
Diamondback is a crude oil and natural gas exploration and production company operating as a pure-play in the US Permian Basin. It went public in 2012 and grew into a top-tier independent producer through acquisitions and operations. Its most transformational deal was the September 2024 completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled its total acreage position.
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