21.02.2023 - MIDLAND, Texas, Feb. 21, 2023 (GLOBE NEWSWIRE) - Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2022. FOURTH QUARTER .
The Permian pure-play’s president describes the E&P’s thinking in M&A, exploring more zones, monetizing associated gas and raising its E-score, all with an eye on the balance sheet.
U.S. oil producers are expected to be looking to do deals in the oil patch this year on concern that the best drilling sites are becoming more scarce. There has been a large uptick.
With the Lario Permian deal closed, Diamondback wraps up a pair of fourth-quarter 2022 deals in which it purchased private Midland Basin operators for a total of about $3.3 billion.