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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.
Fracking Bust: U.S. Shale Oil Production is Going Lower
by Nilanjan Choudhury
There was always a concern that the frenzied activity out of the shale region was economically unsustainable in the long term given the massive capital burn, depressed returns and huge debts.
Diamondback Energy Cuts 2020 Output View, Provides Q2 Update
by Zacks Equity Research
Diamondback Energy's (FANG) second-quarter 2020 oil and natural gas production averages at 294,100 Boe/d with oil output of 176,300 barrels per day.
Viper Energy Sees Q2 Production Rise, Resumes Paused Output
by Zacks Equity Research
Oil price has significantly recovered in the past two months, which enables Viper Energy Partners (VNOM) to bring back most of the curtailed production online.
US Oil & Gas Rig Tally Hits Record Lows for 10 Straight Weeks
by Zacks Equity Research
With oil prices recovering gradually, most analysts opine that the decline in weekly rig count will narrow down further.
7 Reasons Why Murphy USA (MUSA) Stock Has More Room to Run
by Zacks Equity Research
Murphy USA (MUSA) exits the first quarter of 2020 with cash and cash equivalents worth $200.3 million, reflecting an 11.03% rise from the year-ago level.
The Oil Market is in the Middle of a Tug-of-War: Here's Why
by Nilanjan Choudhury
Over the past few weeks, large but opposing forces have kept WTI hovering around $40 per barrel.
US Oil & Gas Rig Tally Hits All-Time Lows for 9 Straight Weeks
by Zacks Equity Research
With oil prices recovering gradually, most analysts opine that the decline in weekly rig count will narrow down further.
U.S. Rig Count Declines for the Fourth Consecutive Month
by Zacks Equity Research
With oil prices recovering gradually, most analysts opine that the decline in the tally of monthly rig will narrow down further.
Oil Market at a Crossroads: Will It Break Out or Break Down?
by Nilanjan Choudhury
While retreating from last week's all time highs, current domestic stocks, at 533.5 million barrels, is still 13.9% above the year-ago figure and 15% over the five-year average.
Oil Wraps Up Best Quarter Since 1990: Where's it Headed Next?
by Nilanjan Choudhury
The stunning rally follows an unprecedented decline in April when WTI crude futures fell to an all-time low and even went negative for a while.
8 Factors That Make Diamondback (FANG) an Attractive Bet Now
by Zacks Equity Research
The acquisitions of Energen and Ajax Resources convert Diamondback (FANG) into one of the leading Permian Basin oil producers.
Is Diamondback Energy (FANG) a Great Value Stock Right Now?
by Zacks Equity Research
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
US Oil & Gas Rig Tally Hits Record Lows for 8 Straight Weeks
by Zacks Equity Research
If the crude price recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs in oil plays.
Upstream Operations Contract, Second-Half Recovery Uncertain
by Nilanjan Banerjee
Exploration and production activities fall in the second quarter as the coronavirus pandemic keeps hurting global energy demand.
What to Make of Yesterday's Dramatic Drop in Oil Prices
by Nilanjan Choudhury
U.S. oil prices fell nearly 6% on Wednesday after the EIA said crude stocks rose unexpectedly to a new all-time high.
Oil Prices Fall as Supplies Rise to Their Highest Level Ever
by Nilanjan Choudhury
The crude inventory rise surprised the market, which was expecting a decline based on easing lockdown measures.
IEA Sees Biggest Drop Followed by Largest Jump in Oil Demand
by Nilanjan Choudhury
While crude demand has regained some ground, slow recovery in air travel will not allow usage to return to pre-pandemic levels before 2022.
Why Oil Prices Keep Rising When Supplies Are at Record Highs?
by Nilanjan Choudhury
U.S. oil prices rose to a three-month high, shrugging off a surprisingly large addition to crude stockpiles that took it to record levels.
5 Things to Know About the OPEC+ Production Cut Extension
by Nilanjan Choudhury
The producer group decided against tapering the existing curbs, which has lifted a barrel of crude from the depths of subzero prices to around $40 now.
The Zacks Analyst Blog Highlights: Diamondback Energy, Concho Resources, Pioneer Natural Resources, Valero Energy and Marathon Petroleum
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Diamondback Energy, Concho Resources, Pioneer Natural Resources, Valero Energy and Marathon Petroleum
The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Diamondback Energy, Cimarex Energy, Pioneer Natural Resources, EOG Resources and Parsley Energy
Crude Closes in on $40: Will OPEC Outcome Keep it There?
by Nilanjan Choudhury
Looking forward, all eyes are focused on the outcome of the OPEC+ virtual meeting, which will discuss the group's oil supply management policy.
4 Key Factors That Could Kill the Upside Momentum for Oil
by Nilanjan Choudhury
Oil prices have staged a remarkable comeback after falling into a deep abyss in April.
The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Diamondback Energy, EOG Resources, Pioneer Natural Resources, Valero Energy and HollyFrontier
Oil Up 88% in May: What Fueled Crude's Record-Setting Month?
by Nilanjan Choudhury
The stunning rally follows an unprecedented decline in April when WTI crude futures fell to an all-time low and even went negative for a while.