A $9.2 billion all-stock acquisition creates one of the larger entities working in the Permian shale basin in the United States, Diamondback Energy announced. Diamondback announced the all-stock acquisition of Energen Corp. on Wednesday. Through the deal, Diamondback increases its acreage in the Permian shale basin by 57 percent to more than 266,000 net acres. All told, the assets acquired from Energen produced more than 222,000 barrels of oil equivalent, with about two thirds of that existing as oil. That represents a 79 percent increase from Diamondbacks second quarter production. Energen last week reported its production was at the top end of its guidance range. Adjusted income for the second quarter was $75.4 […]