Post Tagged with: "Diamondback Energy"

Diamondback Energy cuts budget again as oil prices continue to sink

Diamondback Energy cuts budget again as oil prices continue to sink

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 …

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

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

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 …

Source: Houston Chronicle

Oil War: Some Permian Basin operators already scaling back operations

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 …

Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Oil and Gas 360


MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an …

Source: Houston Chronicle

Diamondback Energy shares plunge on lower oil output

Source: Reuters


HOUSTON (Reuters) – Shares of Diamondback Energy Inc plummeted 13% on Wednesday after the oil and gas firm disclosed a dip in third-quarter oil output, raising fresh concerns about well spacing in the top U.S. shale basin.

Diamondback …

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

Texas Shale Towns Grapple with Growth as Oil-Bust Fears Fade

From Reuters


In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

School officials had expected …

Halcón Resources Appoints New CFO as Restructuring Process Continues

Halcón Resources Appoints New CFO as Restructuring Process Continues

By Tyler Losier, Energy Reporter, Oil & Gas 360

Halcón Resources selects Ragan T. Altizer as its new EVP, CFO, treasurer
Halcón Resources Corporation (stock ticker: HKRS), currently undergoing Chapter 11 reorganization proceedings, has appointed Ragan T. Altizer as its

Texas Shale Pioneers Struggle to Appease Investors

Texas Shale Pioneers Struggle to Appease Investors

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 …

Photo by Mike Goldwater"

Pipeline Company Blue Racer to Weigh $2.5 Billion IPO

From Bloomberg


Dominion sold stake in Appalachian gas pipeline last year, potential IPO would follow listing by Diamondback’s Rattler

Blue Racer Midstream, a private equity-backed natural gas pipeline owner, is considering an initial public offering that could be valued at …

Source: Goodnight Midstream

Largest Energy IPO of 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

Diamondback Shuffles Executive Lineup

Diamondback Shuffles Executive Lineup

Diamondback Energy, Inc. Announces New Leadership Appointments and Promotions

February 28, 2019 - 4:01 pm Closing Bell Story‎, Corporate Governance, Press Releases
Diamondback Energy Earns $115 Million in Q4, Earmarks $1.3 Billion-$1.5 Billion 2018 Permian Spend

Diamondback Energy Earns $115 Million in Q4, Earmarks $1.3 Billion-$1.5 Billion 2018 Permian Spend

Diamondback Energy, Inc. (ticker: FANG) pulled in a net income of $115 million in the fourth quarter of 2017, or $1.16 per diluted share. Diamondback spent $246 million on drilling, completions, non-operated properties and $61 million on infrastructure in the …

Diamondback Energy Doubles Down in the Delaware with $2.4 Billion Acquisition

Diamondback Energy Doubles Down in the Delaware with $2.4 Billion Acquisition

Diamondback Energy acquires Brigham Resources for $2.4 billion

Diamondback Energy (ticker: FANG) announced late Wednesday that the company has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Brigham Resources Operating, LLC and Brigham …

Diamondback Energy Enters Delaware Basin with $560 Million Acquisition

Diamondback Energy Enters Delaware Basin with $560 Million Acquisition

Diamondback adds 19,180 net Delaware acres to its primarily Midland Basin assets

Diamondback Energy (ticker: FANG) announced today that the company purchased 38,765 gross (19,180 net) acres in the Southern Delaware Basin for $560 million. The acquisition will provide Diamondback …

A Point of Light:  Diamondback Energy’s Offering of 1.75 Million Shares

A Point of Light: Diamondback Energy’s Offering of 1.75 Million Shares

Permian Operator Will Use Equity Proceeds to Pay Debt

While the oil and gas industry is battening down the hatches, issuing bailing buckets to all hands and looking for a solid toehold as forty-six dollar crude oil sloshes under and …