The Texas Lawbook

Free Speech, Due Process and Trial by Jury

Diamondback Energy To Acquire Energen Corp. for $9.2B

(Aug. 14) – In a much-speculated-about move – pushed along by activist investors – Midland-based Diamondback Energy Inc. said after the markets closed Tuesday that it had agreed to acquire Energen Corp. for $9.2 billion in stock and assumed debt.

The deal creates the third largest independent oil and gas producer focused on West Texas’ Permian Basin.

©2026 The Texas Lawbook.

Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.

If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.

© Copyright 2026 The Texas Lawbook
The content on this website is protected under federal Copyright laws. Any use without the consent of The Texas Lawbook is prohibited.