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Why This Matters: Diamondback and Endeavor’s $26 Billion Merger Creates a Permian Titan What happens when two giants merge to form an oil empire?  #DiamondbackEnergy has just completed a massive $26 billion merger with Endeavor Energy Resources, following months of review by the Federal Trade Commission (FTC).  The outcome? A powerful new player in the oil industry, poised to transform production in the #Permian Basin, one of the richest shale regions in the world. Analysts are calling this merger a game-changer, as #Diamondback and #Endeavor now control a vast expanse of oil-rich land, referred to as the "last and best oil sandbox" for its potential to maximize production using advanced technology. Read more here: https://lnkd.in/dT6zgazC Rextag's Energy DataLink: One app to meet your energy research needs Try it for FREE: https://lnkd.in/dRPG4iKS

🚀 Big News in Offshore Drilling! 🌊🛢️ Noble Corp. is acquiring Diamond Offshore Drilling for a whopping $1.6 billion! 💰 Diamond shareholders will get 0.2316 Noble shares + $5.65 per share, an 11.4% premium based on June 7’s closing price. 🤑 When the deal closes, they’ll own about 14.5% of Noble's shares. With U.S. shale growth slowing, offshore drilling is set to boom! 🌍🔍 Noble's shares jumped 1.5%, and Diamond's surged 10%! 📈 This acquisition fits Noble’s strategy perfectly, combining the newest deepwater rigs with the biggest offshore oil contractors globally. 🌊💼 Noble's adding one Diamond member to its board and boosting its quarterly dividend by 25% to $0.50 per share starting in Q3. 📊 Morgan Stanley & Co. led Noble’s financial advisory, while Guggenheim Securities LLC and TPH&Co. advised Diamond. 💼🤝 Exciting times ahead in the offshore oil industry! 🌟 #OffshoreDrilling #OilIndustry #BigDeal #NobleCorp #DiamondOffshore #MarketGrowth #EnergyNews

Novo Resources Corp (TSX:NVO, OTCQX:NSRPF, ASX:NVO) executive chairman Mike Spreadborough joins Jonathan Jackson in the Proactive studio to talk through the highlights of the company's December quarter and the promising initial results from the Egina project, a joint venture with De Grey Mining. The partnership has seen De Grey complete more than 10,500 metres of drilling at Becher, with a significant investment of up to A$25 million in exploration efforts to secure a 50% interest in the Egina JV. Spreadborough shared insights into the December quarter achievements across Novo's #gold and #BatteryMetals portfolio, highlighting strong exploration progress in Western Australia and Victoria, alongside strategic partnerships, including a Battery Metals JV with SQM (NYSE:SQM) and its Liatam JV. Watch at #Proactive #ProactiveInvestors #TSX #ASX #OTCQX #NVO #NSRPF #Gold #GoldMining #GoldStocks #CriticalMinerals https://lnkd.in/eyei-AZ3

Meanwhile in the Williston Basin… Might Texas-born Bob Simpson be looking to build back the Williston Basin powerhouse he created more than a decade ago? Back in 2010, the company Simpson founded in 1986—XTO Energy—merged with ExxonMobil in a $41 billion all-stock deal pronounced one of the largest transactions in history for an independent oil and gas company. Assets included huge swaths of acreage across numerous basins and shale plays, including the Williston, where XTO had recently entered with 352,000 net acres. Exxon kept the XTO name and Simpson went on to co-found Morning Star Partners. Reese Energy Consulting today is following the latest from the Williston, where Exxon is wooing buyers for hand-picked assets in the N.D., Bakken. This follows Exxon’s $60 billion deal a year ago for Permian jewel Pioneer Natural Resources Company. The package for sale, expected to fetch $500 million, is a relatively small one for the monster-size Exxon—but you’ve still gotta pay the bills. Assets include 49,000 net acres, 137 operated wells, and 676 non-operated and royalty wells. Now, back to Simpson, whose TXO Partners went public last year with a fistful of acreage positions in the Permian and San Juan Basin. Simpson’s TXO this summer re-entered the Williston with two acquisitions in the Elm Coulee field of Mont., and the Russian Creek field of N.D., which add 4.5 MBOED in production and proved developed reserves of 17 MMBOE. Could TXO and XTO find a new Williston romance here? What do you think? Learn more about our natural gas consulting services in the Permian and Williston basins at https://lnkd.in/ebXT2mS. For more info about our online natural gas training courses, visit us at https://lnkd.in/g_jDyx_Y. #energy #oilandgas #bakken #acquisitions #acreage #reeseenergyconsulting

🚀 𝙈𝙞𝙣𝙞𝙣𝙜 𝙖𝙙𝙫𝙖𝙣𝙘𝙚𝙨 𝙞𝙣 𝘼𝙧𝙜𝙚𝙣𝙩𝙞𝙣𝙖 𝙬𝙞𝙩𝙝 𝘼𝙪𝙨𝙩𝙧𝙖𝙡𝙞𝙖𝙣 𝙞𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩! 🇦🇷 🇦🇺 Belararox Limited announces the successful raising of AUD 7.7 million for its upcoming drilling program at the TMT Project in San Juan, #Argentina. Mining exploration will begin in September. A key highlight is the Large Investment Incentive Regime (RIGI), recently approved in Argentina. Deregulating the market and streamlining the rules for the private sector are crucial steps to driving economic growth. This progress further solidifies Argentina's position as a strategic mining destination in #LatinAmerica and strengthens its standing as a key investment option for #Australia in the mining sector.

At Big Gold, our seasoned management and advisors boast decades of success in identifying economic gold resources, financing exploration ventures, and guiding companies to successful public offerings. Discover the potential of our Tabor & Martin Kenty projects ➡️ biggold.ca #GoldExperts #GoldMining #JuniorMining #CSEstocks #MiningStocks #BigGold

📢NEWS RELEASE: Tarku Resources has acquired the Dana Project, a nickel, copper, cobalt, and PGE project, located in Quebec to add significant longer-term value to the company at a minimal cost. Julien Davy, President and CEO of Tarku Resources, commented: “The undervalued nature of exploration companies, relative to metal prices, and the restricted environment for raising capital create many valuable opportunities to gain interests in excellent projects that would otherwise be secured. While we are continuing to focus on our two core projects, adding strategic projects like Dana to the company’s portfolio will add significant value in the longer term.” Learn the full details: https://loom.ly/eJw8LF8 #CriticalMinerals #Quebec #MiningStocks #Acquisition #DanaProject #Copper #CopperProjects #TSX #TSXV #TKU #OTC #OTCQB #FSX #FSE #7TK #TRKUF #TarkuResources

**APA Corporation's Strategic Shift: A $1 Billion Sale in the Permian Basin** Houston-based APA Corporation is reportedly exploring the sale of its Permian Basin assets, with the deal potentially valued around $1 billion. According to Reuters, the company is working with investment banks RBC Richardson Barr and Truist Securities to facilitate the transaction. APA’s assets span across the Permian Basin, including Texas and New Mexico, in areas like the Northwest Shelf and the Central Basin Platform. This strategic move aligns with APA’s focus on reducing its $6.7 billion debt while shifting its attention to shale operations. Earlier this year, APA sold $700 million worth of Texas assets, and this potential sale underscores the trend of consolidation in the U.S. shale industry, particularly in the Permian and Eagle Ford plays. With the shale industry experiencing a wave of mergers and asset sales, APA’s sale represents a broader trend where operators are positioning themselves to maximize efficiency while maintaining a diverse portfolio. As the U.S. energy landscape continues to evolve, APA Corporation’s actions will be closely watched by industry insiders and investors alike. #EnergyNews #ShaleIndustry #PermianBasin #OilAndGas #APA

💼 In a groundbreaking move within the oil industry, Diamondback Energy and Endeavor Energy Resources, LP, titans of the Permian Basin, reveal their monumental merger, valued at $26 billion. Key Insights: 🔍 The merger marks a significant consolidation in the U.S. energy sector, positioning the combined entity as a major player in the thriving Permian Basin. 📈 With Diamondback's shareholders set to own approximately 60% of the combined entity, the deal showcases the two companies' strategic alignment and shared vision. 🌟 Amidst concerns over peak oil and transitioning away from fossil fuels, this merger reflects ongoing trends in the industry, with major players making strategic moves to bolster their positions in key regions like the Permian Basin. 🌱 Stay tuned as Diamondback Energy and Endeavor Energy Resources navigate regulatory approvals and shareholder consent, paving the way for a new era of growth and innovation in the dynamic landscape of American energy. https://lnkd.in/gv25KCkG #EnergyMerger #StrategicPartnership #IndustryTrends #oilandgasnews #energiainsights #oott #energyinvesting

🚀 Big News in Offshore Drilling! 🚀 Noble Corp. is set to acquire Diamond Offshore Drilling in a $1.6 billion deal! 🛢️💥 Diamond stockholders will get 0.2316 share of Noble plus $5.65 per share they own, an 11.4% premium based on June 7th prices. When the deal wraps up, Diamond shareholders will own about 14.5% of Noble's outstanding shares. 📈💰 With offshore drilling poised for a boom, this deal couldn't come at a better time. Noble shares are up 1.5%, and Diamond is soaring with a 10% rise! 🚀📊 This acquisition fits Noble’s strategy of targeting top offshore oil contractors with cutting-edge deepwater rigs. The combined company will have the largest fleet of latest-model drillships, equipped with dual blowout preventers for safety in ultra-deep waters. 🌊🔧 The offshore industry, especially in deepwater, is expected to thrive as shale growth slows. SLB predicts over $100 billion in final investment decisions for global offshore projects this year and next! 🌍💼 Noble will fund the cash portion of the deal with a $600 million bridge loan and expand its board to include one member from Diamond. Plus, Noble's board has approved a 25% increase in its quarterly dividend to $0.50 per share, starting in Q3. 💵💡 Cheers to a powerful new chapter in offshore drilling! 🥂🌟 #OffshoreDrilling #NobleCorp #DiamondOffshore #OilAndGas #EnergyNews #BigDeals #Investing #MarketNews #IndustryGrowth