Wednesday, February 19, 2025

Diamondback “Very Comfortable” at $45 to $50 oil

Cost reduction major focus Diamondback Energy (ticker: FANG) held its first quarter conference call last week, where the pure-play Permian operator discussed current activity. “Very comfortable” at $45 to $50 oil During the conference call, Diamondback CEO Travis Stice commented that the company is “very comfortable” with oil prices between $45/bbl and $50/bbl. Those prices are expected for current activity

Another 15 Tcf of Natural Gas Discovered

Kosmos has drilled six successful exploration wells in the area – gas destined for LNG exports Kosmos Energy (ticker: KOS) announced today the discovery of a very large gas field in offshore Senegal, adding to the company’s Senegal/Mauritania assets. The Yakaar-1 well has encountered 148 feet of net pay in three pools, with a gross hydrocarbon column of just 394