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Top related persons:
Hess - 2 Autry Stephens - 1 — - 1 Stephens - 1 he's - 1 Lyndal Greth - 1 wasn't - 1 Nvidia's Jensen Huang - 1
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Endeavor Energy Resources - 4 Diamondback Energy - 4 Endeavor - 3 Diamondback - 2 Exxon Mobil - 2 Chevron - 2 Exxon - 2 Occidental - 2

Search resuls for: "Endeavor Energy Resources"


4 mentions found


☆ The richest man you've never heard of isn't sure what to do with his billions
  + stars: | 2024-02-15 | by ( Camilo Fonseca | ) www.businessinsider.com   time to read: +3 min
Autry Stephens is set to be one of the world's richest people after selling his oil business. The sale is set to create one of the biggest drillers poised to take advantage of Texas' oil boom. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Autry Stephens sold his company, Endeavor Energy Resources, to Diamondback Energy earlier this week. Asked by the Journal what he would do with his newfound billions, Stephens said that he hadn't really thought about it yet.
Persons: Autry Stephens, —, Stephens, he's, Lyndal Greth, wasn't, Nvidia's Jensen Huang, Mark Zuckerberg Organizations: drillers, Service, Endeavor Energy Resources, Diamondback Energy, Bloomberg, Wall Street, Endeavor, ExxonMobil, ConocoPhillips —, Cruiser, Southwest Airlines, University of Texas Austin, UT Austin Locations: Texas
☆ These oil companies could be the next takeover targets in Permian Basin after Diamondback deal
  + stars: | 2024-02-14 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +6 min
Diamondback Energy took one of the last major, privately held operators in the Permian off the table this week when it agreed to buy Endeavor Energy Resources for $26 billion. The deal is poised to catapult Diamondback into the top tier in the Permian, the most prolific oil patch in the U.S. that stretches from western Texas into southeastern New Mexico. The top six companies in the Permian are set to own 62% of the basin's remaining oil reserves, according to Rystad Energy. The stubborn holdouts After the Diamondback-Endeavor and Occidental-CrownRock deals, the only other major privately held producers left in the Permian are Continental Resources and Mewbourne Oil. Conoco could potentially seek to acquire Permian Resources , Civitas , Coterra, Vital Energy or Ovintiv , Bernstein said.
Persons: Matthew Bernstein, Bernstein, Hess, Andy Lipow, Neal Dingmann, Mewbourne, Dingmann, Ovintiv, Enerplus, Bob Yawger, Yawger, weren't, Ryan Lance, Lance, Conoco, EOG Organizations: Diamondback Energy, Endeavor Energy Resources, Diamondback, Exxon Mobil, Chevron, Rystad Energy, Truist Securities, CRFA Research, Endeavor, CNBC, Exxon, Natural Resources, Occidental, Lipow Oil Associates, Resources, Mewbourne, Continental, Publicly, Civitas, Coterra, Vital Energy, Devon Energy, Marathon Oil, Bloomberg News, Marathon, Reuters, CFRA, ConocoPhillips, Mizuho Locations: U.S, Texas, New Mexico, Guyana, Devon, Bakken, North Dakota, Occidental, Mizuho Americas, Marathon
☆ Potential $50 Billion Southwestern Energy Giant Emerges as Diamondback Seeks to Buy Rival Endeavor
  + stars: | 2024-02-12 | by ( Associated Press | Feb. | At A.M. | ) www.usnews.com   time to read: +4 min
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. A tie-up between Diamondback and Endeavor, if it succeeds, would create a player in the massive Permian Basin oil and gas field that straddles Texas and New Mexico. Photos You Should See View All 22 ImagesEndeavor is the largest private operator in the Permian Basin. Lower oil prices are good for U.S. drivers, as it means they'll pay less at gas pumps. Shareholders of Diamondback Energy Inc. will own about 60.5% of the combined company, while Endeavor’s equity holders would own approximately 39.5%.
Persons: Hess, Diamondback, Travis Stice, ” Stifel's Derrick Whitfield, ” Stice Organizations: Diamondback Energy, Endeavor Energy Resources, Southwestern United, Exxon Mobil, Mobil, Diamondback, Endeavor, Exxon, Chevron, Drillers, OPEC, U.S, International Energy Agency, Diamondback Energy Inc, Chesapeake Energy, Southwestern Energy, Occidental Locations: Southwestern United States, U.S, Texas, New Mexico, United States, Israel, Midland , Texas
☆ Two Big Texas Oil Producers Announce $26 Billion Merger
  + stars: | 2024-02-12 | by ( Karen Weise | ) www.nytimes.com   time to read: +1 min
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. Diamondback Energy and Endeavor Energy Resources, both major players in the booming Permian Basin oil field that straddles New Mexico and Texas, announced on Monday that they would merge in a cash-and-stock deal, with Diamondback’s shareholders owning about 60 percent of the combined company. The Permian Basin was once seen as a worn-out patch. The basin has been transformed into the most productive oil and gas field in the United States. “With this combination, Diamondback not only gets bigger, it gets better,” Travis Stice, the company’s chief executive, said in a statement.
Persons: ” Travis Stice, Diamondback’s Organizations: Diamondback Energy, Endeavor Energy Resources Locations: Texas, U.S, New Mexico, United States
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