DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On March 3, 2017, our Board of Directors (the “Board”) appointed Mr. Michael L. Hollis, currently our Chief Operating Officer, as our President, effective as of January 1, 2017 (the “Promotion”). Mr. Hollis will remain our Chief Operating Officer in addition to his new role as President. Mr. Hollis’s full biography and, to the extent applicable, the information required by Items 401(b), (d) and (e) and 404(a) of Regulation S-K are included in our definitive proxy statement filed by us with the Securities and Exchange Commission on April 29, 2016, as subsequently supplemented (the “2016 Proxy Statement”). The description of Mr. Hollis’s employment agreement and compensation is included in the 2016 Proxy Statement.
About DIAMONDBACK ENERGY, INC. (NASDAQ:FANG)
Diamondback Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres. The Company, through its subsidiary Viper Energy Partners LP (Viper), owns mineral interests underlying approximately 46,560 gross (17,060 net) acres primarily in Midland County, Texas in the Permian Basin. Approximately 60% of these net acres are operated by the Company. It has drilled or participated in the drilling 490 gross wells on its leasehold acreage in Permian Basin area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. Its activities are focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which it collectively refers as the Wolfberry play. DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Recent Trading Information
DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) closed its last trading session down -4.82 at 99.76 with 1,978,362 shares trading hands.
Diamondback Energy, Inc. is an independent oil and natural gas company. The Company is focused on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. Its total net acreage position in the Permian Basin is approximately 84,680 net acres. The Company, through its subsidiary Viper Energy Partners LP (Viper), owns mineral interests underlying approximately 46,560 gross (17,060 net) acres primarily in Midland County, Texas in the Permian Basin. Approximately 60% of these net acres are operated by the Company. It has drilled or participated in the drilling 490 gross wells on its leasehold acreage in Permian Basin area, primarily targeting the Wolfberry play. The Permian Basin area covers a portion of western Texas and eastern New Mexico. Its activities are focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, which it collectively refers as the Wolfberry play. DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Recent Trading Information
DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) closed its last trading session down -4.82 at 99.76 with 1,978,362 shares trading hands.
