Diamondback Energy
Recent News About Diamondback Energy
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Merger closing sees Endeavor Energy absorbed under Diamondback Energy name
The Midland Chamber is celebrating the merger of Diamondback Energy and Endeavor Energy Resources, marking a significant milestone in the local energy sector. Endeavor has been absorbed under the Diamondback name.
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Diamondback Energy completes merger with Endeavor Energy Resources
Diamondback Energy announced the completion of its merger with Endeavor Energy Resources, which officially closed Sept. 10.
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Kent Companies Donates $500,000 to Midland Athletic Complex
Kent Companies donated $500,000 to the newly named Diamondback Energy Athletic Complex with plans to build a unique concession area.
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Diamondback Energy $7.5M contribution part of larger effort to support Midland
Diamondback Energy has committed $7.5 million to the new Diamondback Energy Athletic Complex, part of the Midland Athletic Syndicate sports facility under development near the Scharbauer Sports Complex on Loop 250. The pledge makes the company the largest donor so far among several area companies that are supporting the new complex.
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New $35 Million Sports Facility Funded by Community Donations, Not Taxes
The Midland Athletic Syndicate sports facility has pulled off a rare feat. The new facility will be erected at a cost of roughly $35 million to benefit local athletes, and has been funded entirely by local foundations and West Texas companies. No tax funds will be used to pay for the facility.
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Deep Blue Midland Basin acquires Lagoon Operating
Deep Blue Midland Basin LLC, a joint venture between Diamondback Energy and Five Point Energy LLC, announced the acquisition of Lagoon Operating in a press release on June 3.
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DIAMONDBACK ENERGY: Diamondback Energy, Inc. to Acquire QEP Resources in All-Stock Transaction
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and QEP Resources (NYSE: QEP) (“QEP”) today announced that they have entered into a definitive agreement under which Diamondback will acquire QEP in an all-stock transaction valued at approximately $2.2 billion, including QEP’s net debt of $1.6 billion as of September 30, 2020.
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DIAMONDBACK ENERGY: Diamondback Energy, Inc. Announces Midland Basin Acquisition
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Guidon Operating LLC ( “Guidon” or the “Seller”) in exchange for 10.63 million shares of Diamondback common stock and $375 million of cash.
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DIAMONDBACK ENERGY: Diamondback Energy, Inc. Announces Second Quarter 2020 Financial and Operating Results
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2020.
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DIAMONDBACK ENERGY: Diamondback Energy Announces the Expiration of the Tender Offer by Energen Corporation for Any and All of Energen Corporation’s 4.625% Senior Notes Due 2021
Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) announced that the previously announced cash tender offer by its wholly-owned subsidiary,
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Shale drillers announce production cuts
Shale drillers announced on Monday more production cuts in response to the recent market collapse, the Midland Reporter-Telegram reported.
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Diamondback Energy cuts back because of oil glut and pandemic shutdown
Diamondback Energy Co. is cutting back oil production after suffering a drop in demand partly caused by the COVID-19 pandemic, the Houston Chronicle reported.
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DIAMONDBACK ENERGY: Diamondback Energy, Inc. Announces Revised Time for First Quarter 2020 Conference Call on May 5
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), announced that it has revised its first quarter 2020 conference call time.
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DIAMONDBACK ENERGY: Diamondback Energy, Inc. Announces Appointments to the Board of Directorss
Steven West, Chairman of the Board of Directors (the “Board”) of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company"), is pleased to announce that effective April 3, 2020, the Company increased the size of Diamondback’s Board of Directors to eight members, adding Stephanie K. Mains and Vincent K. Brooks as independent directors.
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DIAMONDBACK ENERGY: DiamondBack Energy, Inc. Provides Revised 2020 Guidance and Updated Hedge Positions
Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") provided revised full year 2020 guidance and updated hedge positions.
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2 Permian Basin operators slowing down operations
Two oil companies that are focused on the Permian Basin of West Texas have already planned to slow down their respective operations because of an oil war pitting Russia against Saudi Arabia.
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DIAMONDBACK ENERGY: Diamondback Energy, Inc. Provides Fourth Quarter 2019 Production Update and Schedules Fourth Quarter 2019 Conference Call for February 19, 2020
Announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an increase of 5% from Q3 2019 average daily production of 287.1 MBOE/d and up 65% from Q4 2018 average daily production of 182.8 MBOE/d.