Texas Capital Funds Trust - Texas Capital Texas Oil Index ETF Price & Performance (OILT)

Diamondback Energy is set to acquire Double Eagle IV Midco subsidiaries for $3 billion in cash and 6.9 million shares. The deal includes 40,000 acres in the Midland Basin, with 68% undeveloped. Diamondback aims to close by April 1, 2025, while selling $1.5 billion in non-core assets to reduce debt.1

Devon Energy reported strong Q4 results, exceeding analyst expectations with an EPS of $1.16 and oil production of 398,000 barrels per day. Analysts praised its reduced capital expenditures and improved 2025 guidance, which projects up to 825,000 barrels per day, reflecting operational efficiency and strategic asset utilization.2