Diamondback Energy's buyout of Double Eagle could signal the winding down of the rapid consolidation of the Permian Basin over the last half decade.

EIR analyst Andrew Dittmar called the deal a priority for Diamondback “because it represents one of the last current opportunities to get a large, high-quality asset from a

Diamondback Energy, a major player in the shale oil industry, has announced its acquisition of certain units of Double Eagle Energy. The deal, valued at approximately $4.08 billion, will be settled through a combination of cash and stock.