$9.2 billion transaction close second to $9.5 billion CXO-RSPP deal
Diamondback Energy (ticker: FANG) continued the recent trend of consolidation in the Permian with the acquisition of Energen (ticker: EGN). This $9.2 billion all-stock deal adds to an active year for large M&A transactions. This deal is the second-largest Permian transaction ever, falling just short of Concho’s (ticker: CXO) $9.5 billion acquisition of RSP Permian earlier this year.

This deal will allow Diamondback to nearly double many of its key metrics. Energen curre...

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