Breaking: New Merger Being Reported -- February 11, 2024

Locator: 46781PERMIAN.

Link here. 

From the linked article:

Endeavor, founded by wildcatter Autry Stephens, has long been one of the most prized businesses in the consolidating Permian Basin, the largest U.S. oil patch that straddles West Texas and New Mexico.

In striking a deal for Endeavor, Diamondback fended off competition from other parties including ConocoPhillips , some of the people said. The stock-and-cash deal would value Endeavor at around $25 billion, and Diamondback shareholders would own the majority of the combined company after it closes, they said. Diamondback, based in Midland, Texas, has a market value of around $27 billion.

This comes on top of two other mergers / acquisitions announced just last week.