Permian punch: Diamondback Energy strikes twice with $3 billion in deals

The acquisition of QEP Resources and Guidon Energy significantly enhances Diamondback's core Midland basin position

Permian basin producer Diamondback Energy acquired two rivals in a pair of transactions totaling $3.2 billion — Permian basin producer Diamondback Energy acquired two rivals in a pair of transactions totaling $3.2 billionPhoto: AP/SCANPIX

Jennifer Lynn Presley

Houston

Published 21 December 2020, 19:46Updated 21 December 2020, 19:46

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