US Market
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion.
Growing confidence in an economic recovery, particularly in the United States (US), has driven massive deals in the energy sector in recent months, including Chevron’s $53- billion acquisition of Hess in October, and a $59.5-billion deal two weeks before that by Exxon Mobil, its biggest acquisition since buying Mobil two decades ago.