The company’s stock rises after it escaped $14 billion judgment with largest contamination bill ever.
The purchase increases Athlon’s holdings in the basin by 23,500 net acres.
Enduring's Midland and Delaware basin holdings may fetch $2 billion.
The sale follows the trend made by several others—including Devon, Hess and Apache—to transform its portfolio.
The decline in deal activity has been driven home by a hit to industry profitability.
Tudor, Pickering’s Sulser expects $6 billion worth of transactions in the region for the balance of the year.