Energen, one of Birmingham’s largest public companies, has been acquired by Diamondback Energy for $9.2 billion

Bham Now Diamond Back
Photo of Diamond Back employees courtesy of Fuel Fix

Energen, one of Birmingham’s largest public companies, has been acquired by the Texas energy company Diamondback Energy in a deal reportedly valued at $9.2 billion and which creates the premier large cap Permian independent. The boards of each company voted unanimously to combine the two companies.  The Diamondback Energy deal comes on the heels of Energen’s sale of Alagasco two years ago to Spire and shifting its focus on oil exploration and production.

Continue reading “Energen, one of Birmingham’s largest public companies, has been acquired by Diamondback Energy for $9.2 billion”