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. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 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.

Meloy Charles Alvin

WEST STEVEN E

Zmigrosky Matt

Dick Teresa L.

Shell warns the world is short 1 billion barrels of oil due to Middle East conflict, with recovery expected to take months. High energy prices are expected to persist, benefiting oil and gas producers. The article recommends three energy stocks: Chevron for conservative long-term investors seeking dividend stability, and Diamondback Energy and Devon Energy for those willing to accept higher volatility in exchange for greater upside potential from elevated oil prices.

Fuel Shortages Could Hit This Summer and Oil Execs Say Recovery Is Months Away. 3 Stocks to Own While It Lasts.

Shell's CEO warns the world faces a 1 billion-barrel oil shortage due to Middle East geopolitical conflict closing the Strait of Hormuz. While current high oil prices benefit energy companies, the supply imbalance will take months to resolve after the conflict ends. For long-term investors, integrated energy majors like Chevron and ExxonMobil are preferred over Shell due to stronger dividend histories and balance sheets, with Chevron offering the best value among the three.

The World Is Burning Through Oil With No Resupply in Sight. Is SHEL Stock a Buy Before the Squeeze Gets Worse?

Get Trading Activities on X and Personalized AI Stock Analysis. Not investment advice. Sign up for free at https://t.co/Szbuf7KmLT

Fintwit.ai

I have seen the stock market change people's lives! It can change yours too. Never Give Up! You may find my best stock ideas at: https://t.co/rqfRosoA4A

Marty Chargin

Day trader turned swing trader. Here to help others improve their trading! Join me for live streaming on Discord. https://t.co/RRhmvGkkh0

Ariel Hernandez

Research-driven thematic investor & swing trader. Not financial advice

Subscribe: https://t.co/tRfuPuBAXn

Diamondback Energy Inc (FANG) Stock Price, Analysis & Trade Signals