Diamondback Energy receives second FTC request in $26B Endeavor deal [Seeking Alpha]
Exxon Mobil Corporation (XOM)
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Source: Seeking Alpha
Federal Trade Commission for additional information as part of its review of the proposed $26B deal to buy Endeavor Energy Resources. This is the fifth oil and gas deal since December to get a second request from the FTC, as the Biden administration has increased scrutiny of multi-billion dollar deals in the industry; other deals to receive second notices are Exxon Mobil-Pioneer Natural Resources, Chevron-Hess, Occidental-Crownrock, and Chesapeake Energy-Southwestern Energy. The Diamondback-Endeavor combination would be the third largest oil and gas producer in the Permian Basin at 816K boe/day (boepd), behind the Exxon-Pioneer combination's ~1.3M boe/day and Chevron's 867K boe/day. Recommended For You More Trending News About FANG Stock
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- 4/26/24 - Miss
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- 5/17/24 - Form DEFA14A
- XOM's page on the SEC website