Fort Worth firm sells Permian Basin assets for $4 billion

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Fort Worth firm sells Permian Basin assets for $4 billion

In a deal valued at more than $4 billion, Fort Worth-based energy company Double Eagle IV Midco LLC has sold most of its Permian Basin assets to Diamondback Energy Inc. The deal will make Diamondback Energy one of the largest energy companies doing business in the Midland Basin, a subsection of the highly productive Permian Basin which covers parts of West Texas and eastern New Mexico. In December 2023, the Permian Basin accounted for 46.1% of U…