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Permian consolidation continues: Diamondback acquires Energen for $9.2 billion

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Permian consolidation continues to ramp up as Diamondback announced over $10 billion worth of Permian deals in the past week. The company kicked off its buying spree with the smaller acquisition of Ajax Resources, followed by the announcement of its $9.2 billion acquisition of Energen. Diamondback has now built a considerable depth of high-quality inventory and is on track to become a truly dominant operator in West Texas. What are our initial views on the deals and what's next for Permian M&A?

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    Permian consolidation continues: Diamondback acquires Energen for $9.2 billion

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