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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.
Will Rising U.S. Stockpiles Disrupt Crude's Bullish Trend?
by Nilanjan Choudhury
Weekly figures show output has dropped to 11.4 million barrels per day, since reaching 13.1 million in the second week of March.
U.S. Shale Production to Keep Falling: Permian Leads the Way
by Nilanjan Choudhury
Oil production from United States' number one basin - Permian - is set to fall by 87,000 barrels per day month over month to 4.3 million barrels per day in June.
Oil & Gas US E&P Industry Rebounding Off Coronavirus Lows
by Nilanjan Choudhury
It seems that crude's worst losses are in the rear view mirror with signs of gradual rebalancing.
Viper Energy (VNOM) Q1 Earnings Beat Estimates, Rise Y/Y
by Zacks Equity Research
Rise in oil equivalent production volumes aids Viper Energy's (VNOM) Q1 earnings.
U.S. Shale Oil Q1 Earnings Are All In: Here's How They Did
by Nilanjan Choudhury
Missed the slew of shale oil earnings? Here's a quick run-through of how some of the bigwigs fared in their first-quarter earnings reports.
Marathon Oil (MRO) Incurs Wider-Than-Expected Loss in Q1
by Zacks Equity Research
Marathon Oil's (MRO) U.S. production costs summed $4.63 per BOE, 11.1% lower year over year and the lowest since the company became a standalone E&P entity.
Diamondback (FANG) Q1 Earnings Top Estimates on Solid Output
by Zacks Equity Research
Diamondback's (FANG) capex for Q1 adds up to $790 million. The company coughs up $672 million on drilling and completion activity and spends another $18 million on non-operated properties.
Diamondback Energy (FANG) Tops Q1 Earnings Estimates
by Zacks Equity Research
Diamondback (FANG) delivered earnings and revenue surprises of 9.85% and -5.80%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Concho (CXO) Reports In Line Q1 Earnings, Slashes Capex
by Zacks Equity Research
Concho Resources (CXO) expects 2020 volumes to remain flat year over year as it looks to complete 110 to 130 gross wells for the remainder of this year while working with an average of eight rigs.
What's in the Offing for Diamondback (FANG) Q1 Earnings?
by Zacks Equity Research
Diamondback's (FANG) Q1 results are likely to reflect a weaker impact of realized natural gas prices than the year-ago reported level.
Diamondback Energy (FANG) Gains But Lags Market: What You Should Know
by Zacks Equity Research
In the latest trading session, Diamondback Energy (FANG) closed at $36.22, marking a +1.23% move from the previous day.
Diamondback Energy (FANG) Reports Next Week: Wall Street Expects Earnings Growth
by Zacks Equity Research
Diamondback (FANG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Implied Volatility Surging for Diamondback Energy (FANG) Stock Options
by Zacks Equity Research
Investors need to pay close attention to Diamondback Energy (FANG) stock based on the movements in the options market lately.
The Zacks Analyst Blog Highlights: ExxonMobil, Diamondback Energy, Concho Resources, Occidental and Whiting Petroleum
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Diamondback Energy, Concho Resources, Occidental and Whiting Petroleum
Is the Biggest Production Cut Deal Big Enough to Save Oil?
by Nilanjan Choudhury
Member countries of the OPEC+ group, looking to shore up prices, agreed to slash output by 10 million barrels per day, equal to roughly 10% of current worldwide production.
Coronavirus Effect: Oil Inventory Surges, Gasoline Demand Tanks
by Nilanjan Choudhury
Disruptions by the pandemic's effects depressed gasoline consumption by 1.6 million barrels last week to 5.1 million barrels per day - a record low.
Diamondback Energy (FANG) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Diamondback Energy (FANG) closed at $32.10 in the latest trading session, marking a +1.61% move from the prior day.
Diamondback Energy (FANG) Surges: Stock Moves 8.7% Higher
by Zacks Equity Research
Diamondback Energy (FANG) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.
Oil Drillers Remove Rigs From Permian Basin & Eagle Ford
by Zacks Equity Research
Domestic drillers may continue to lower rigs in oil patches since global energy demand has declined drastically owing to the coronavirus pandemic.
U.S. Oil Stocks Rise Sharply, Coronavirus Chokes Gasoline Demand
by Nilanjan Choudhury
Disruptions by the pandemic's effects depressed the gasoline demand by 2.2 million barrels last week, the most on record.
The Zacks Analyst Blog Highlights: Diamondback, Marathon, Occidental, Chevron and Royal Dutch
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Diamondback, Marathon, Occidental, Chevron and Royal Dutch
Diamondback Energy Clips 5% Output View Amid Oil Price Plunge
by Zacks Equity Research
To limit further depletion in Diamondback Energy's (FANG) cash flows, the company looks set to hedge a huge portion of envisioned production for 2020.
The Zacks Analyst Blog Highlights: Occidental, Diamondback, Marathon, Schlumberger and Transocean
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Occidental, Diamondback, Marathon, Schlumberger and Transocean
Oil at $20 a Barrel: Who Wins, Who Loses & Who Survives?
by Nilanjan Choudhury
As the world remains awash in crude oil, prices might go even lower before they start climbing higher.
US Oil Rig Tally Declines the Most in 5 Years: Here's Why
by Zacks Equity Research
The count of oil rigs in Permian declines for two consecutive weeks.