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Diamondback nears $5B Double Eagle V deal

PUBLIC · FANGNov 15, 2026

Acquiring Company

Diamondback Energy

Acquired Company

Double Eagle V

MidlandTexasEnergySustainabilityOil And GasNatural ResourcesEnergyOil And Gas

Description

Diamondback Energy is nearing an acquisition of Double Eagle V for about $5 billion. Double Eagle V is backed by EnCap Investments and holds oil and gas assets in Texas' Permian Basin. The deal is reported as nearing completion but has not yet been finalized according to this text.

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Company Information

Company

Diamondback Energy

Location

Midland, Texas, United States

About

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.

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Frequently asked

Who acquired Double Eagle V?

Double Eagle V was acquired by Diamondback Energy, based in Midland. The deal was reported on November 15, 2026. Diamondback Energy is publicly traded (FANG) and operates in Energy.

When did Diamondback Energy acquire Double Eagle V?

Diamondback Energy's acquisition of Double Eagle V was reported on November 15, 2026. Diamondback Energy is nearing an acquisition of Double Eagle V for about $5 billion. Double Eagle V is backed by EnCap Investments and holds oil and gas assets in Texas' Permian Basin. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Double Eagle V do?

Double Eagle V is an oil and gas company backed by EnCap Investments. It holds oil and gas assets in the Permian Basin in Texas. It is privately held, operating in Energy, and is based in Texas.

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