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Diamondback Energy to expand in Permian with $4.08 billion deal

Reuters
Summary
Nutrition label

80% Informative

Oil and gas company Diamondback Energy said it would buy certain units of Texas -based energy producer Double Eagle in a cash-and-stock deal for about $4.08 billion .

The shale producer expects to reduce net debt to $10 billion and, long term, maintain leverage of $6 billion to $8 billion .

VR Score

90

Informative language

94

Neutral language

88

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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