Edition:
India

Diamondback Energy Inc (FANG.OQ)

FANG.OQ on NASDAQ Stock Exchange Global Select Market

27.52USD
1:30am IST
Change (% chg)

$-1.50 (-5.18%)
Prev Close
$29.03
Open
$28.54
Day's High
$28.72
Day's Low
$27.25
Volume
924,149
Avg. Vol
1,031,149
52-wk High
$96.85
52-wk Low
$14.55

Latest Key Developments (Source: Significant Developments)

Diamondback Energy Reports Q2 Loss Per Share $15.17
Tuesday, 4 Aug 2020 

Aug 3 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY, INC. ANNOUNCES SECOND QUARTER 2020 FINANCIAL AND OPERATING RESULTS.Q2 LOSS PER SHARE $15.17.Q2 EARNINGS PER SHARE ESTIMATE $0.01 -- REFINITIV IBES DATA.Q2 2020 AVERAGE PRODUCTION OF 176.3 MBO/D (294.1 MBOE/D).QTRLY ADJUSTED NET INCOME $0.15 PER DILUTED SHARE.DIAMONDBACK NARROWED ITS FULL YEAR 2020 GUIDANCE FOR LOE TO BETWEEN $4.20 TO $4.60 PER BOE.SEES 2020 CAPITAL SPEND IN RANGE $1,800 MILLION - $1,900 MILLION.Q2 EARNINGS PER SHARE VIEW $0.02, REVENUE VIEW $594.8 MILLION -- REFINITIV IBES DATA.SEES 2020 TOTAL NET PRODUCTION IN RANGE OF 290.0 MBOE/D TO 305.0 MBOE/D.QTRLY TOTAL REVENUES $425 MILLION VERSUS $1,021 MILLION.Q2 2020 AVERAGE REALIZED HEDGED PRICES OF $35.21 PER BARREL OF OIL.Q2 2020 AVERAGE UNHEDGED REALIZED PRICES OF $21.99 PER BARREL OF OIL.CURTAILED 5% OF OIL PRODUCTION DURING Q2.EXPECTED TO GENERATE SIGNIFICANT FREE CASH FLOW IN SECOND HALF OF 2020 AND IN 2021 AT CURRENT FORWARD COMMODITY PRICES.DIAMONDBACK ENERGY-3 COMPLETION CREWS WORKING TO STEM PRODUCTION DECLINES TO MEET Q4 PRODUCTION TARGET BETWEEN 170,000 AND 175,000 BARRELS OF OIL/DAY.  Full Article

Viper Energy Partners Provides Third Quarter Production And Acquisition Update
Monday, 7 Oct 2019 

Oct 7 (Reuters) - Viper Energy Partners LP ::VIPER ENERGY PARTNERS LP, A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., PROVIDES THIRD QUARTER 2019 PRODUCTION AND ACQUISITION UPDATE.VIPER ENERGY PARTNERS LP - Q3 2019 PRODUCTION OF 21,265 BOE/D (64% OIL), AN INCREASE OF 9% QUARTER OVER QUARTER.VIPER ENERGY PARTNERS LP - DURING Q3 OF 2019, VIPER ACQUIRED 1,272 NET ROYALTY ACRES FOR AN AGGREGATE PURCHASE PRICE OF APPROXIMATELY $193.6 MILLION.VIPER ENERGY PARTNERS LP - SIGNIFICANT PORTION OF DIAMONDBACK'S EXPECTED 2020 COMPLETIONS WILL BE WELLS ON VIPER'S ACREAGE.  Full Article

Diamondback Energy Inc Says Co Entered Into A Consent Letter With Respect To Second Amended And Restated Credit Agreement, Dated As Of November 1, 2013
Thursday, 5 Sep 2019 

Sept 4 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY INC - CO ENTERED INTO A CONSENT LETTER WITH RESPECT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF NOVEMBER 1, 2013.DIAMONDBACK ENERGY- CONSENT ALLOWS PARTIES TO ENTER INTO SWAP AGREEMENTS FOR INTEREST RATES FOR U.S. TREASURY SECURITIES FOR UP TO $3 BILLION.DIAMONDBACK ENERGY- AT EFFECTIVE TIME OF CONSENT, BORROWER WAS PARTY TO INTEREST RATE SWAP AGREEMENTS WITH AGGREGATE NOTIONAL PRINCIPAL AMOUNT OF $1 BILLION.  Full Article

Diamondback Energy - Co, Certain Units Entered Into An 11th Amendment To 2nd Amended And Restated Credit Agreement, As Of Nov 1, 2013
Thursday, 4 Jul 2019 

July 3 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY INC - ON JUNE 28, CO, CERTAIN UNITS ENTERED INTO AN 11TH AMENDMENT TO 2ND AMENDED AND RESTATED CREDIT AGREEMENT, AS OF NOV 1, 2013.DIAMONDBACK ENERGY INC - ON JUNE 28, ENTERED INTO ELEVENTH AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT, DATED AS OF NOV 1, 2013.DIAMONDBACK ENERGY INC - ELEVENTH AMENDMENT PROVIDES THAT BORROWING BASE IS INCREASED FROM $2.65 BILLION TO $3.4 BILLION.DIAMONDBACK ENERGY INC - ELEVENTH AMENDMENT PROVIDES THAT AGGREGATE ELECTED COMMITMENT AMOUNT REMAINS UNCHANGED AT $2.5 BILLION.  Full Article

Diamondback Energy Inc Announces New Leadership Appointments And Promotions
Friday, 1 Mar 2019 

Feb 28 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY, INC. ANNOUNCES NEW LEADERSHIP APPOINTMENTS AND PROMOTIONS.DIAMONDBACK ENERGY INC - KAES VAN’T HOF, CURRENTLY SENIOR VICE PRESIDENT OF STRATEGY AND CORPORATE DEVELOPMENT, HAS BEEN APPOINTED CFO.DIAMONDBACK ENERGY INC - KAES VAN'T HOF, CURRENTLY SENIOR VICE PRESIDENT OF STRATEGY AND CORPORATE DEVELOPMENT, HAS BEEN APPOINTED CFO.DIAMONDBACK ENERGY INC - VAN'T HOF WILL ALSO REMAIN IN HIS CURRENT ROLE AS PRESIDENT OF VIPER.  Full Article

Viper Energy Partners Lp, A Subsidiary Of Diamondback Energy Inc Announces Public Offering Of Common Units
Wednesday, 27 Feb 2019 

Feb 26 (Reuters) - Viper Energy Partners LP ::VIPER ENERGY PARTNERS LP, A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., ANNOUNCES PUBLIC OFFERING OF COMMON UNITS.VIPER ENERGY PARTNERS LP - COMMENCED AN UNDERWRITTEN PUBLIC OFFERING OF 8 MILLION COMMON UNITS REPRESENTING LIMITED PARTNER INTERESTS.VIPER ENERGY PARTNERS LP - INTENDS TO USE NET PROCEEDS FROM OFFERING TO PURCHASE UNITS OF VIPER ENERGY PARTNERS LLC.  Full Article

Diamondback Energy Completes Acquisition Of Energen Corporation
Friday, 30 Nov 2018 

Nov 29 (Reuters) - Diamondback Energy Inc ::DIAMONDBACK ENERGY, INC. COMPLETES ACQUISITION OF ENERGEN CORPORATION.  Full Article

UPDATE 1-Diamondback Energy posts Q2 loss on $2.54 bln charge due to oil plunge

Aug 3 Diamondback Energy Inc on Monday posted a quarterly loss from a year-ago profit, as the Permian basin producer took a $2.54 billion impairment charge against its oil and gas properties after crude prices plummeted.