BPH 5.00% 1.9¢ bph energy ltd

Plenty of Cash around scooping up Oil and Gas Energy...

  1. gve
    12,281 Posts.
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    Plenty of Cash around scooping up Oil and Gas Energy Assets..

    Shares of Diamondback Energy Inc. surged after it announced a $26 billion cash-and-stock deal to acquire fellow Texan oil and gas producer Endeavor Energy Resources LP to create the largest operator focused on the prolific Permian Basin.

    The agreement is the latest in a string of massive deals transforming the US energy landscape as companies push to line up future drilling sites and cut costs.

    Over the past four months, Exxon Mobil struck a deal to buy Pioneer Resources for about $60 billion, Chevron agreed to buy Hess for about $53 billion and Occidental Petroleum agreed to buy CrownRock for about $10.8 billion.
 
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