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Autry Stephens to Be Richest US Oilman After Endeavor Sale to Diamondback (FANG)

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  • Texas driller agrees to sell for $26 billion in cash and stock
  • Sale would make him 64th richest on Bloomberg’s wealth list
Autry Stephens in 2014.Photographer: Brittany Sowacke/Bloomberg  

February 12, 2024 at 1:34 PM EST

Updated on

February 12, 2024 at 3:35 PM EST

Over the past six decades, Autry Stephens has worn nearly every hat in the oil industry, from trucker to driller to engineer.

Now he’s poised to don the crown of America’s richest oil tycoon.

Source: bloomberg.com

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1 week ago - (Bloomberg) -- This week’s $26 billion combination of two Texas oil companies is the latest in a series of deals that’s ushering in the era of Big Shale. Wall Street, which eyed the sector with skepticism for most of the last decade,...
1 week ago - Stephens founded Endeavor Energy Resources in 1979 and is selling to a company headquartered across the street in Midland, Texas.
2 weeks ago - Two American oil and gas companies have said they will merge in a $26bn (£21bn) deal, the latest in a wave of acquisitions designed to buy up the best land for drilling. Diamondback Energy has agreed to buy Endeavor Energy Resources in a...
2 weeks ago - Feb 11 (Reuters) - Permian rivals Diamondback Energy and Endeavor Energy Resources are close to finalizing a merger that would create an oil and gas company that could be valued at more than $50 billion, the Wall Street Journal reported...
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