Post Tagged with: "Diamondback"

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 …

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 Begins Pruning Assets, Buying Shares

Diamondback Begins Pruning Assets, Buying Shares

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.

Diamondback Subsidiary Viper Energy Partners Announces Public Offering of Common Units

Diamondback Subsidiary Viper Energy Partners Announces Public Offering of Common Units

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Announces Public Offering of Common Units

Courtesy of RSP Permian

Permian Heavyweights Talk Use of Free Cash, To M&A or Not To M&A, Permian Consolidation

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

WPX Energy, Delaware basin. Three drilling rigs on multi-well pads. L to R: Orion Drilling, Pegasus on the CBR 22-10H, Aries on the CBR 22-14H.

Diamondback Targets 28% Growth Within Cash Flow for 2019

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)

rig

Diamondback’s Buying Spree Rolls Ahead

$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,

Diamondback Energy Prices Upsized $750 Million Tack-On Offering Of Senior Notes

Diamondback Energy Prices Upsized $750 Million Tack-On Offering Of Senior Notes

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

Diamondback Energy Running 11 Rigs, 5 Frac Crews in the Permian: Production Up 10% over Q4

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 …