The oil and gas industry’s latest consolidation amidst the ongoing COVID-19 pandemic is Monday’s announced $2.2 billion all-stock acquisition of QEP Resources by the Midland, Texas based Permian operator Diamondback Energy, Inc. Under the deal, Diamondback will also take over QEP’s net debt of $1.6 billion. But it also gets nearly 49,000 net acres in …
