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This is huge for Midland, huge for the oilfield. Diamondback (FANG) enters an agreement to purchase Endeavor, one of the largest privately held co’s in the world for $26B in cash and stocks. At the completion of this buyout it will make Diamondback the 3rd largest Oil & Gas producer in the Permian Basin only behind the giants Exxon & Chevron. Stice, the CEO of Diamondback in born and raised in Midland, and is a Lee High alumni. #oilfield #energy
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