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Diamondback Energy Stock Forecast NASDAQ:FANG

$125.71 (-0.18%)

Volume: 2M

Closed: Jan 19, 2022

Hollow Logo Score: 3.341

Diamondback Energy Stock Forecast

$125.71 (-0.18%)

Volume: 2M

Closed: Jan 19, 2022

Score Hollow Logo 3.341

Diamondback Energy Company Profile

500 West Texas Avenue

Midland TX 79701



Industry: Oil & Gas E&P

Sector: Energy


Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. The company’s net acreage position is approximately 84,683 acres in the Permian Basin. As of December 31, 2015, its estimated proved oil and natural gas reserves were 156,900 thousand barrels of crude oil equivalent, as well as working interests were in 918 gross producing wells. It also owns mineral interests underlying approximately 46,562 gross acres in the Permian Basin. The company was founded in 2007 and is headquartered in Midland, Texas.

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