Diamondback Energy announced the completion of its merger with Endeavor Energy Resources, which officially closed Sept. 10.
“We are pleased to announce the closing of this transformative merger, creating a ‘must own’ North American independent oil company,” said Chairman and Chief Executive Officer of Diamondback Travis Stice in a press release on Sept. 10. “Today, Diamondback is not only bigger, but better. Our high-quality inventory located in the heart of the Permian Basin gives us the running room to do what we do best: turn rock into cash flow.”
Stice also thanked both Diamondback and Endeavor employees for their efforts in completing the deal. “Together, I am confident we can continue to build off Diamondback’s impressive operational track record of low-cost operations and position the new Diamondback for long-term success,” he said.
About Diamondback Energy:
Diamondback Energy is a Midland-based independent oil and natural gas company dealing with the exploration, development, and acquisition of unconventional oil and gas reserves in the Permian Basin. For more information, visit Diamondback Energy's website.