Endeavor Energy Resources

Diamondback becomes next Permian acquisition candidate on heels of Endeavor megadeal

February 14, 2024

World Oil (Bloomberg) – Diamondback Energy Inc.’s blockbuster deal for Endeavor Energy Resources LP makes the company’s shares the best way to invest in the prolific Permian basin in Texas, according to Tortoise Capital Advisors LLC. “Diamondback will become an acquisition target in 2025 given its larger size,” Tortoise senior portfolio manager Rob Thummel said in a note Tuesday. ConocoPhillips

Why Endeavor Energy’s founder sold his company after years of rebuffing offers

February 13, 2024

Yahoo Finance For years, Endeavor Energy founder Autry Stephens’ refusal to entertain acquisition offers for one of the most lucrative producers in the U.S. oil patch vexed some of his peers. “It’s not for sale, it hasn’t been for sale, it’s probably not going to ever sell,” Pioneer Natural Resources’ former CEO Scott Sheffield, a contemporary of Stephens, told a

Diamondback Energy, Endeavor Energy create “largest” Permian oil and gas operator with $26 billion shale megadeal- oil and gas 360

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to merge to create a premier Permian independent oil and gas company

February 12, 2024

Oil and Gas 360 MIDLAND, Texas, Feb. 12, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor’s net debt. The combination will create a premier Permian independent operator.

Wildcatter billionaire not giving up Permian Basin without a fight

November 11, 2019

Houston Chronicle The drilling permits speak for themselves. Wildcatter billionaire Autry Stephens is not ceding control of the Permian Basin to the oil majors without a fight. Over the past week, the Midland billionaire’s oil company Endeavor Energy Resources filed for 21 drilling permits with the Railroad Commission of Texas, the state agency that regulates the oil and natural gas

Shell Eyes Deal for Endeavor Energy as Price Tag Drops

December 18, 2018

From Bloomberg Royal Dutch Shell Plc is in negotiations to buy Endeavor Energy Resources LP for about $8 billion, according to people familiar with the matter, or roughly half as much as the Texas oil producer was expected to fetch when it put itself on the block this year. Exxon Mobil Corp., Chevron Corp. and ConocoPhillips also weighed bids for Endeavor but their interest has waned, said the people,

Reality Star in Texas Poised to Become America’s Richest Oil Mogul

November 27, 2018

From Bloomberg When Autry Stephens struck out on his own in 1996 to pursue oil riches, he named his one-rig outfit Big Dog Drilling Co. Twenty years on, the moniker seems prophetic. Stephens, 80, owns the largest closely held oil producer in Texas by production volume, Endeavor Energy Resources LP. The Midland-based firm has suitors including Exxon Mobil Corp. and Chevron Corp.

Oil Majors Exxon, Chevron, Conoco, Shell Circling Private Permian Basin Operator Endeavor, Founding Family Considers IPO

November 13, 2018

From Investor’s Business Daily Exxon Mobil (stock ticker: XOM), Chevron (stock ticker: CVX), ConocoPhillips (stock ticker: COP) and Royal Dutch Shell (stock ticker: RDSA) are reportedly interested in buying Endeavor Energy Resources, a privately held Permian Basin acreage holder. Chevron and Exxon are reportedly submitting first round bids for privately held Endeavor, sources told Bloomberg. Shell is considering participating and Conoco is also reportedly interested. Endeavor could be

Callon Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture And Updates 2019 Guidance Oil & Gas 360

A $5.5 Billion Private Giant in the Midland: Endeavor Energy Resources

January 5, 2018

At 44.1 MBOEPD, Endeavor Energy Resources is a private name which stands large in the Midland Basin The Permian Basin continues to be the hottest basin in the country, with companies piling in and investors willing to give them premium multiples. The play has become so desirable that general reading about the industry often feels like you’re sifting through “Permian

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