Feb 11 (Reuters) - Permian rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a merger that would create an oil and gas company that could be valued at more than $50 billion, the Wall Street Journal reported on Sunday.
A deal could be announced by Diamondback with closely held Endeavor as soon as Monday, the report said, adding that Diamondback fended off competition from other parties including ConocoPhillips in striking a deal.
Endeavor and Diamondback did not immediately respond to a Reuters request for comment.
https://finance.yahoo.com/news/diamondback-energy-endeavor-energy-finalizing-193129250.html?trk=feed_main-feed-card_feed-article-content