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Upstream M&A activity hits record $51 billion on backs of Permian shale megadeals, Enverus reports

Outmaneuvering larger rivals to secure Endeavor puts Diamondback in the front row among Permian-centric E&Ps, giving it a scale comparable to Pioneer Natural Resources prior to its sale to ExxonMobil. APA also expanded in the Permian, but via the public merger route with its purchase of smaller Callon Petroleum for $4.5 billion. ....

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