Double Eagle Development: Diamondback acquires Double Eagle subsidiaries

Diamondback Energy has entered into a definitive purchase agreement to acquire certain subsidiaries of Double Eagle in exchange for approximately 6.9 million shares of Diamondback common stock and $3 billion of cash, subject to customary adjustments. As part of this agreement, Diamondback and Double Eagle have also agreed to accelerate development on a portion of ...The post Diamondback acquires Double Eagle subsidiaries appeared first on Drilling Contractor.