Oil producer Diamondback Energy Inc. plans to acquire rival Endeavor Energy Resources LP in a $26 billion deal to create an oil and gas behemoth worth more than $50 billion.
High commodity prices helped boost the energy deals market, which outperformedother industries last year. Other oil giants, Exxon Mobil and Chevron, made acquisitions larger than $50 billion each in 2023.
Wachtell, Lipton, Rosen & Katz was legal advisor to Diamondback. Skadden, led by partner Ann Beth Stebbins, advised Jefferies LLC as lead financial advisor to Diamondback Energy.
Paul, Weiss, Rifkind, Wharton & Garrison and Vinson & Elkins advised Endeavor. The Paul Weiss team was led by partners Krishna Veeraraghavan, Benjamin Goodchild, Alexia Yang and Brian Krause.
The Vinson & Elkins team was led by partners Doug McWilliams, Bryan Loocke and Jackson O’Maley.
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