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#diamondbackenergy

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Diamondback Energy and Endeavor Energy Resources, both active in the Permian Basin shale oil industry in the US, are gearing up to merge through cash and share purchase agreements estimated at approximately $25 billion. This merger aims to create a company valued at around $50 billion. If successful, the new entity would become the Permian Basin's largest oil and gas producer, following Exxon and Chevron. #OilIndustry #Merger #DiamondbackEnergy #EndeavorEnergyResources #PermianBasin