Betaville

UNCOOKED ALERT: Diamondback Energy said to ...

Diamondback Energy has emerged as one of the companies circling Energen Corporation, the US oil and gas explorer.

According to sources claiming to be familiar with the matter, Diamondback Energy is working with bankers from Goldman Sachs on a potential offer for Energen, whose main assets are in the Permian Basin of west Texas and New Mexico.

However, sources claiming to be familiar with the matter described the situation as " very early stage" and it's still some way off before a formal transaction is announced...