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Zacks News
Founded in 2007, Midland, TX-headquartered Diamondback Energy, Inc. is an independent oil and gas exploration & production company, with its primary focus on the Permian Basin, where it has around 394,000 net acres. Its activities are concentrated in the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations. In Nov 29, 2018, Diamondback completed its $9.2 billion buyout of Energen Corporation to boost its Permian presence.
Energy Q1 Earnings Ahead: Can Higher Prices Quell Winter Woes?
by Nilanjan Choudhury
Halliburton (HAL), Kinder Morgan (KMI) and Schlumberger (SLB) all report first-quarter results this week and are viewed as an important read on the sector's outlook for the remainder of 2021.
Oil & Gas Stock Roundup: BP's Oil Find, Chevron's Offshore Wind Foray & More
by Nilanjan Choudhury
BP plc (BP) announced a GoM oil discovery, Chevron (CVX) made its maiden investment in offshore wind, while Continental Resources (CLR) and Diamondback Energy (FANG) issued Q1 earnings updates.
Shell (RDS.A) to Produce Majority of Oil-Gas Reserves by 2050
by Zacks Equity Research
Shell (RDS.A) expects nearly 70% of its proven plus probable reserves to be generated by 2030 and 5% after 2040.
Is a Beat in the Offing for Baker Hughes' (BKR) Q1 Earnings?
by Zacks Equity Research
Higher upstream activities are likely to have boosted demand for Baker Hughes' (BKR) products and services, aiding Q1 earnings.
Equinor (EQNR) Pushes Tanzania to Act On Suspended LNG Project
by Zacks Equity Research
Equinor (EQNR) and Shell called on Tanzania to take immediate action on the halted LNG export project in Lindi to provide significant benefits to the country's economy and people.
Is Diamondback Energy (FANG) Outperforming Other Oils-Energy Stocks This Year?
by Zacks Equity Research
Is (FANG) Outperforming Other Oils-Energy Stocks This Year?
Clean Energy (CLNE) Enters an Accord With BP Affiliate
by Zacks Equity Research
Through this joint venture development, Clean Energy (CLNE) and BP decide for producing one of the world's cleanest fuels.
The Zacks Analyst Blog Highlights: Diamondback Energy, Matador Resources Co and EOG Resources
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Diamondback Energy, Matador Resources Co and EOG Resources
Diamondback Energy (FANG) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Diamondback Energy (FANG) closed at $79.08 in the latest trading session, marking a -1.57% move from the prior day.
NuStar (NS), Neste Boost Renewable Fuel Venture in California
by Zacks Equity Research
NuStar (NS) and Neste load up and transport the first gallons of Neste MY Sustainable Aviation FuelTM safely to the Monterey Regional Airport.
3 Oil Stocks You Can Add to Your Portfolio Right Away
by Nilanjan Banerjee
The price of West Texas Intermediate (WTI) shoots up nearly 7% since Apr 12, 2021. Stocks that are well placed to cash in on this rosy scenario are Diamondback (FANG), Matador (MTDR) and EOG Resources (EOG).
Chevron and Honeywell Declare Commissioning of ISOALKY Unit
by Zacks Equity Research
Chevron (CVX) and Honeywell (HON) announce the start-up of the world's first ISOALKY process unit, which uses the innovative technology to produce high-octane motor fuels for the refining industry.
Oil Names Rally on EIA Inventory Report, Demand Optimism
by Nilanjan Choudhury
Some of the top gainers of the S&P 500 yesterday were energy-related names like Diamondback Energy (FANG), NOV Inc. (NOV), EOG Resources (EOG), Occidental Petroleum (OXY), Pioneer Natural Resources Company (PXD) and APA Corporation (APA).
Chevron (CVX) Forays Into Offshore Wind Via Deal With Ocergy
by Zacks Equity Research
Chevron's (CVX) deal with Ocergy is included in its $300-million Future Energy Fund, which is intended to develop low-carbon technologies for a sustainable future.
Suncor (SU) to See Commerce City Refinery Turnaround in April
by Zacks Equity Research
Suncor (SU) will revamp a gasoline-making fluid catalytic cracking unit (FCCU) at Plant 1 of the facility during the mid-April turnaround.
U.S. Shale Oil Output Rising, Permian to Hit 1-Year High
by Nilanjan Choudhury
With oil prices having rebounded to around $60 per barrel, Permian operators like Matador Resources (MTDR), EOG Resources (EOG) and Diamondback Energy (FANG) have announced plans to increase production.
Petrobras (PBR) Inks Sepia-Atapu Surplus Pact With Brazil
by Zacks Equity Research
Petrobras (PBR) will gain $3.253 billion from the sale of surplus volumes in the Atapu region and if the Sepia field's excess assets are auctioned, the company will earn another $3.2 billion.
Stock Market News for Apr 13, 2021
by Zacks Equity Research
Benchmarks closed in the red on Monday as investors focused on inflation data and the beginning of the first-quarter earnings season.
Viper Energy (VNOM) Sees Q1 Output Rise, Production Fall
by Zacks Equity Research
Oil price has significantly recovered from the year-ago quarter, which can boost Viper Energy Partners' (VNOM) first-quarter bottom line.
BP Announces Arrival of a Semi-Submersible Platform in Texas
by Zacks Equity Research
BP says that at its peak capacity, the semi-submersible facility will be capable of producing 140,000 barrels of oil equivalent per day.
Diamondback (FANG) Gives Preliminary Update on Q1 Production
by Zacks Equity Research
Diamondback Energy (FANG) amends its first-quarter oil and natural gas average production view to 307,400 Boe/d with oil output of 184,200 barrels per day.
Chevron (CVX) Signs 5-Year LNG Pact with Japan's Hokkaido Gas
by Zacks Equity Research
Per the terms of the deal, Chevron (CVX) will supply 500,000 tonnes of LNG over a five-year period to Hokkaido Gas, beginning April 2022.
Haynesville Witnesses Addition of 1 Natural Gas Drilling Rig
by Zacks Equity Research
Baker Hughes' (BKR) data shows that the count of oil drilling rigs in Permian Basin has risen in six of the past seven weeks.
Enerplus (ERF) Signs Deal With Hess to Acquire Williston Acres
by Zacks Equity Research
Enerplus (ERF) announces that the to-be acquired core acreage has a strong inventory of premium drilling locations, brightening the production outlook.
Valero (VLO) Sees Winter Storm Uri Impact on Q1 Bottom Line
by Zacks Equity Research
Valero (VLO) says that its refining and ethanol business segments were impacted significantly by a severe winter and ice storm, dubbed unofficially as Winter Storm Uri.