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0.00239408457920942 0.00379284248219155 0.00298303527520199 0.00180513388321705 -0.0080965996931566 -0.0080597902746571 -0.000527110872913196 0.000479994817233907
Stock impact report

Weak oil prices, limited shale acreage to hit energy M&A in 2025, Enverus says [Yahoo! Finance Canada]

Diamondback Energy, Inc. - Commmon Stock (FANG) 
Last diamondback energy, inc. - commmon stock earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
The expected downturn in mergers and acquisitions follows a series of blockbuster takeovers by oil and gas majors in recent years, which culminated in a record $192 billion worth of deals done in 2023. There were $17 billion worth of deals disclosed in the quarter ended March 31, but activity was disproportionately driven by Diamondback Energy, which accounted for almost half of total value, said Enverus Intelligence Research principal analyst, Andrew Dittmar. Diamondback Energy acquired Double Eagle IV in the Midland basin for $4.083 billion in February. It also sold minerals to Viper Energy for $4.26 billion in January, the two largest deals done in the first quarter. Outside of Diamondback, buyers were already feeling the pressure of limited acquisition opportunities and high asking prices for undeveloped drilling inventory, Dittmar said. “Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. High asset prices and Show less Read more
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