Endeavor Energy Resources Explained
Endeavor Energy Resources (officially Endeavor Energy Resources LP) is a privately-held hydrocarbon exploration and production company based in Midland, Texas. Founded in 1979 by Autry Stephens, it has since evolved in one of the largest private oil producers in the Lower 48.[1] [2] In February 2024, it was announced that the company would be sold to Diamondback Energy for $26 billion.[3] [4] [5]
Notes and References
- Web site: Pendleton . Devon . Ferman . Mitchell . Crowley . Kevin . Bloomberg . February 12, 2024 . Meet oil’s new king: 85-year-old Autry Stephens, raised by peanut-and-melon farmers and now worth $25.9 billion . Fortune.
- Web site: A HISTORY OF SUCCESS IN THE MIDLAND BASIN . 2024-02-20 . Endeavor Energy Resources, LP . en-US.
- Web site: Weise . Karen . 12 February 2024 . Two Big Texas Oil Producers Announce $26 Billion Merger . subscription . New York Times . NYTimes.com.
- Web site: Morenne . Benoît . 13 February 2024 . A Texas Oil Driller Banks a $26 Billion Deal, With Regrets . 22 February 2024 . Wall Street Journal.
- Web site: Hampton . Liz . Somasekhar . Arathy . French . David . 13 February 2024 . Why Endeavor Energy's founder sold his company after years of rebuffing offers . 19 February 2024 . Reuters.
