Diamondback Energy, Inc. News

company, FANG

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. The company also owns, operates, develops, and acquires midstream infrastructure assets, including 770 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

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Diamondback Energy, Inc. Market News

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Diamondback Energy Insider Plans to Sell 6.6 Million Shares Amid Credit Line Expansion

  • Diamondback Energy (FANG) insiders plan to sell over 6.6 million shares under a Rule 10b5‑1 plan, coinciding with a recent credit facility amendment increasing commitments to $3B.
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