Diamondback Energy, Inc. FANG has secured key Midland Basin assets from Double Eagle IV Midco, LLC in a cash and stock deal. The deal enhances the company’s core holdings and positions it for long-term free cash flow growth.

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

Diamondback Energy (FANG) on Tuesday agreed to acquire certain subsidiaries of oil producer Double Eagle IV Midco in a cash-and-stock deal to bolster its position in the Midland Basin. The transaction consists of about 6.