An analyst said Diamondback’s Pecos County, Texas, assets are inferior to its Midland Basin assets and could help the E&P reach its $1 billion divestiture goal.
The Permian pure play is selling off midstream assets and upstream leasehold that can’t compete for capital in the company’s portfolio, Diamondback Chairman and CEO Travis Stice told investors.
/PRNewswire/ The North American Oil & Gas industry is looking like 2023 will be an ever better year than 2022. The Oil & Gas industry will be investing in.