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Permian Power Play: Diamondback Drills Big With $26B Merger

Diamondback Energy announces a transformative $26 billion merger deal with Endeavor Energy Resources, L.P., poised to create a premier Permian independent operator with significant scale and synergy potential. With a projected ~10% accretion in free cash flow per share by 2025, Diamondback plans to fund the cash portion of the transaction through various sources, aiming to enhance financial flexibility while targeting a rapid reduction of pro forma net debt post-merger closure.

FANG