Diamondback Energy completed its $26 billion cash-and-stock merger with privately held Endeavor Energy Resources in September 2024, creating the third-largest producer in the Permian Basin behind ExxonMobil and Chevron.
The combined entity produces approximately 816,000 barrels of oil and gas equivalent per day across 838,000 net pro forma acres.
Jefferies is serving as lead financial advisor to Diamondback and Citi is serving as M&A and Capital Markets advisor to Diamondback. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Diamondback.
J.P. Morgan Securities is acting as exclusive financial advisor to Endeavor, Goldman Sachs & Co. LLC provided corporate advisory services and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Vinson & Elkins LLP are acting as legal advisors to Endeavor.