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Blue Chip Growth

Stock Report: "Diamondback Energy, Inc." (FANG) Report Updated: May 04, 2016 | Print This Page

Get more stock ratings by Louis Navellier

"Diamondback Energy, Inc." (FANG)

Rating: Hold Volatility: Conservative
Total Grade: C Industry: Oil Gas & Consumable Fuels
Competitors:

Stock Analysis

Rating: Monthly View

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Rating: Weekly View

This Week: C down no change
Last Week: C same no change
Two Weeks Ago: C up no change
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"Diamondback Energy, Inc."© quotemedia

Company Profile

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. As of December 31, 2014, the company acquired net acreage position of approximately 85,369 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 112,832 thousand barrels of crude oil equivalent, as well as owned interests in 596 net productive wells. It also owns mineral interests underlying approximately 24,528 gross acres in the Permian Basin. The company was founded in 2007 and is headquartered in Midland, Texas.