DIAMONDBACK ENERGY, INC. (NASDAQ:FANG) Files An 8-K Results of Operations and Financial ConditionItem 2.02. Results of Operations and Financial Condition.
On August1, 2017, Diamondback Energy, Inc. issued a press release announcing financial and operating results for the second quarter ended June30, 2017. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
Item 2.02. Financial Statements and Exhibits
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ExhibitNumber |
Description |
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99.1 |
Press release, dated August 1, 2017, entitled “Diamondback Energy, Inc. Announces Second Quarter 2017 Financial and Operating Results.” |
Diamondback Energy, Inc. ExhibitEX-99.1 2 diamondbackex991-8x1x17.htm EXHIBIT 99.1 Exhibit Exhibit 99.1CORRECTED: DIAMONDBACK ENERGY,…To view the full exhibit click here
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.