Diamondback Energy
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On a pro forma basis, the mineral and royalty arm of the Midland-based oil company owns interests covering more than 32,000 net acres in the Permian Basin. -
The Permian-based company has committed to being part of the United Nations flagship reporting program.
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A pair of innovative field development strategies are helping tame the wild, wild Permian Basin.
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The Permian Basin operator said the purchase ‘checks all the boxes’ it looks for in an acquisition.
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The Permian Basin operator said the purchase translates to more than a decade of additional inventory.
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The trend toward drilling longer horizontal wells is growing with lateral lengths of 3 miles reached.
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Oil companies large and small have pulled out the stops to stay on solid ground. Devon, Diamondback, and Parsley post latest cuts in production.
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US shale operators are cutting deeper, with some eliminating drilling and completions activity altogether.
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Diamondback is slated to become the Permian’s latest pure-play giant with its pending purchases of Energen and Ajax Resources.
