US shale companies produce more crude using fewer rigs
August 13, 2024
US shale companies produce more crude using fewer rigs
Shale explorers Diamondback, Devon boost payouts over production
May 3, 2022
World Oil (Bloomberg) — Shale drillers Diamondback Energy Inc., Devon Energy Corp. and Coterra Energy Inc. are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off of inflation. Diamondback announced a five-fold bump to quarterly payouts on Monday while Devon pledged to lift its dividend by
As oil-well backlog shrinks, U.S. shale may upset investors and drill more
September 14, 2021
Reuters Publisher’s Note: Northern Oil and Gas, Inc. was a presenter at EnerCom’s The Oil & Gas Conference, view their replay at 1:00pm MST. U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging, executives and analysts said. This
Texas Shale Pioneers Struggle to Appease Investors
July 30, 2019
From Reuters Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing to buy up acreage, acquire competitors and quickly boost output in the booming shale field. Today, Diamondback (FANG.O) is the
Largest Energy IPO of 2019
May 23, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Rattler Midstream raises $665 in gross proceeds Diamondback Energy, Inc. (stock ticker: FANG) subsidiary Rattler Midstream LP (stock ticker: RTLR) priced its upsized initial public offering this Wednesday, offering up 38,000,000 shares to the public at a price of $17.50 per common unit. This represents a 4,666,667 unit increase from
Diamondback Begins Pruning Assets, Buying Shares
May 8, 2019
Output up: 156% increase year-over-year Company announces $2 billion share buyback program By Richard Rostad, analyst, Oil & Gas 360 Diamondback Energy (ticker: FANG) announced first quarter results today, showing a mere $10 million in income, or $0.06 per share. While Diamondback did make a profit this quarter, unlike some other E&P firms, it was significantly hindered by derivative losses.
Diamondback Subsidiary Viper Energy Partners Announces Public Offering of Common Units
February 27, 2019
Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Public Offering of Common Units
Permian Heavyweights Talk Use of Free Cash, To M&A or Not To M&A, Permian Consolidation
February 20, 2019
By Richard Rostad, analyst, Oil & Gas 360 Concho Resources (ticker: CXO) and Diamondback Energy (ticker: FANG) held year-end conference calls today, offering analysts the chance to discuss several major topics with two of the largest Permian operators. Free cash Q: Any way you could give us a sense of your thoughts on–call it between $50 to $60 per barrel
Diamondback Targets 28% Growth Within Cash Flow for 2019
December 18, 2018
Permian operator begins scalable program: will drop back to 18-22 rigs and 8 frac crews due to lower oil prices, but dramatically higher commodity pricing will reflect a “mix of growth and increasing return of capital” Diamondback Energy (ticker: FANG) announced 2019 guidance today, outlining the company’s outlook now that it has closed the Energen acquisition. The company estimates full
Diamondback’s Buying Spree Rolls Ahead
November 7, 2018
$312.5 million deal adds to $10.8 billion year Diamondback (ticker: FANG) reported third quarter results today, showing net earnings of $157 million, or $1.59 per share. Diamondback produced 123 MBOEPD in Q3, up 9% sequentially and 45% year-over-year. This result, which exceeded expectations, has led Diamondback to slightly increase its overall 2018 production guidance, the company now forecasts 50% yearly
Diamondback Energy Prices Upsized $750 Million Tack-On Offering Of Senior Notes
September 18, 2018
Diamondback Energy Prices Upsized $750 Million Tack-On Offering Of Senior Notes
Diamondback Energy Running 11 Rigs, 5 Frac Crews in the Permian: Production Up 10% over Q4
April 11, 2018
Diamondback Energy, Inc. (ticker: FANG) produced 102.6 MBOEPD in Q1 2018. This is 10% more than Q4 2017 production volumes of 92.9 MBOEPD. Diamondback is currently running 11 drilling rigs and five dedicated completion crews. Q1 2018 average realized prices were $61.66 per barrel of oil, $2.20 per Mcf of natural gas and $24.64 per barrel of natural gas liquids,
