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Diamondback Energy, Inc Announces Northern Midland Basin

MIDLAND, Texas, Nov. 16, 2022 (GLOBE NEWSWIRE) Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has.

US: Diamondback Energy announces Northern Midland Basin acquisition

Diamondback Energy has entered into a definitive purchase agreement to acquire all leasehold interest and related assets of Lario Permian, a wholly owned subsidiary of Lario Oil & Gas Company, and certain associated sellers in exchange for 4.18 million shares of Diamondback common stock and $850 million of cash.

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