Endeavor Energy Resources

Last updated
Endeavor Energy Resources
Company type Private
Industry Oil and gas
Founded1979;46 years ago (1979)
Founder Autry Stephens
RevenueUS$ 710 million
Number of employees
1,200 (2023)
Website endeavorenergylp.com

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]

References

  1. ↑ 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.
  2. ↑ "A HISTORY OF SUCCESS IN THE MIDLAND BASIN". Endeavor Energy Resources, LP. Retrieved 2024-02-20.
  3. ↑ Weise, Karen (12 February 2024). "Two Big Texas Oil Producers Announce $26 Billion Merger" . New York Times– via NYTimes.com.
  4. ↑ Morenne, Benoît (13 February 2024). "A Texas Oil Driller Banks a $26 Billion Deal, With Regrets". Wall Street Journal. Retrieved 22 February 2024.
  5. ↑ Hampton, Liz; Somasekhar, Arathy; French, David (13 February 2024). "Why Endeavor Energy's founder sold his company after years of rebuffing offers". Reuters. Retrieved 19 February 2024.


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