Diamondback Energy – Page 2

Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., announces acquisition

September 5, 2023

Oil and Gas 360 MIDLAND, Texas, Sept. 05, 2023 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced it has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests from affiliates of Warwick Capital Partners and GRP Energy Capital (collectively, the “Seller”) in exchange for approximately 9.02 million Viper common units

Diamondback Energy misses Q1 forecasts as oil prices slide

May 2, 2023

Oil Price Diamondback Energy (NASDAQ: FANG) booked lower-than-expected revenues and earnings for the first quarter on the back of lower commodity prices. The U.S. shale producer reported adjusted net income of $751 million, or $4.10 per diluted share, for the first quarter, below the Zacks consensus estimate of $4.36 per share earnings. For the first quarter of last year, Diamondback booked an adjusted

Diamondback looks to sell Permian basin assets for $1 billion

April 12, 2023

World Oil (Bloomberg) – Diamondback Energy Inc. is looking to sell non-core assets in the western Permian Basin as the oil producer looks to cash in on an increasingly active deal market in U.S. shale. The company is working with a financial adviser to seek a buyer for assets around Pecos County, Texas according to people familiar with the

Diamondback Energy, Inc. announces northern Midland Basin acquisition

November 17, 2022

Oil and Gas 360 MIDLAND, Texas, Nov. 16, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of Lario Permian, LLC, a wholly owned subsidiary of Lario Oil & Gas Company, and certain associated sellers (collectively “Lario”) in exchange for 4.18 million shares

Diamondback Energy, Inc. announces Midland Basin acquisition

October 11, 2022

Oil and Gas 360 MIDLAND, Texas, Oct. 11, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of FireBird Energy LLC (“FireBird”) in exchange for 5.86 million shares of Diamondback common stock and $775 million of cash. The cash portion of this transaction is expected

Diamondback Energy, Inc. announces further enhancement to its capital return program and intention to increase base dividend

June 21, 2022

Oil and Gas 360 MIDLAND, Texas, June 21, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced the next step in its return of capital program. Beginning in the third quarter of 2022, the Company’s Board of Directors has approved an increase to its return of capital commitment to at least 75% of Free Cash Flow (as defined below),

Diamondback Energy to maintain ‘flat’ Permian oil production

February 24, 2022

World Oil (Bloomberg) — Diamondback Energy Inc. Chairman and CEO Travis Stice said the shale driller will maintain flat production in the Permian Basin this year. The Texas wildcatters that launched the U.S. shale boom are resisting the temptation to pump more oil even as oil prices approach $100 a barrel, heeding investor demand for fiscal discipline after years of poor capital

Shale driller Diamondback to hold oil output steady through 2022

November 2, 2021

World Oil HOUSTON (Bloomberg) –Diamondback Energy Inc. just gave one of the first shale production forecasts for next year, and it’s holding pat. Even as the market girds for $100 crude in 2022, the Permian Basin driller is pledging to hold oil output steady at roughly the same levels it’s pumping in the current quarter. That means about 220,000 barrels

U.S. shale producers reveal extent of hit from Texas freeze

February 23, 2021

Reuters Occidental Petroleum Corp, Diamondback Energy Inc and a host of smaller Permian-focused U.S. shale producers on Monday forecast lower oil output in the first quarter, giving the first indications of the hit to the industry caused by last week’s winter storm. Areas of Texas not used to the cold were hit by sub-zero temperatures and record snow falls last

Diamondback Energy cuts budget again as oil prices continue to sink

March 23, 2020

Houston Chronicle Midland exploration and production company Diamondback Energy is cutting its 2020 drilling budget for a second time this month as crude oil continue to fall to nearly 20-year lows. In a statement issued late last week, Diamondback has cut $1.2 billion from hits capital budget, meaning that the company now plans to spend between $1.5 billion and $1.9

ArcLight and Rattler Form 50/50 Midstream Joint Venture -oilandgas360

Rattler Midstream LP, a subsidiary of Diamondback Energy, Inc., provides update

March 19, 2020

MIDLAND, Texas, March 19, 2020 (GLOBE NEWSWIRE) — Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today provided the following update. Given recent commodity price volatility, Rattler’s 2020 Guidance given on February 18, 2020 is being withdrawn, and the items specified below are updated as follows:

Oil War: Some Permian Basin operators already scaling back operations

March 10, 2020

Houston Chronicle Two oil companies focused on the Permian Basin of West Texas are already planning to scale back their operations amid an oil war between Russia and Saudi Arabia that has caused commodity prices to crash. In a pair of statements, Midland oil company Diamondback Energy and Austin oil company Parsley Energy confirmed plans to cut back the number

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