Diamondback Energy Inc. today released its inaugural 2018 Corporate Responsibility Report. The online report outlines Diamondback’s commitment to governance and business ethics, health and safety, environmental responsibility and community engagement. The report is available at www.diamondbackenergy.com/about/sustainability. “At Diamondback, we understand that success for our organization is dependent upon our [...]
Diamondback Energy Inc. today announced its 2019 capital and production guidance, reflecting an operating plan focused on disciplined growth within cash flow and a growing dividend in the current commodity price environment. HIGHLIGHTS 2019 estimated annual production guidance of 275 – 290 MBoe/d , midpoint implies over 28% pro forma year over year production growth and over 30% pro forma year over year oil [...]
Diamondback Energy Inc. today announced that it has completed its acquisition of Energen Corp. . The merger was previously approved by Diamondback stockholders and Energen shareholders at special meetings held on November 27, 2018. Each eligible share of Energen’s common stock issued and outstanding immediately prior to the effective time of the merger was converted into the right to receive 0.6442 of a share [...]
Diamondback Energy Inc. and Energen Corporation today announced that all proposals necessary for the parties’ pending merger were approved by the stockholders of Diamondback and the shareholders of Energen at each company’s respective special meeting held today. As previously announced, on August 14, 2018, Diamondback and Energen entered into a definitive merger agreement providing for Diamondback’s [...]
Diamondback Energy Inc. today announced financial and operating results for the third quarter ended September 30, 2018. THIRD QUARTER HIGHLIGHTS Q3 2018 net income of $157 million, or $1.59 per diluted share; adjusted net income of $165 million, or $1.67 per diluted share Q3 2018 production of 123.0 Mboe/d , up 9% over Q2 2018 and 45% year over year Increasing full year 2018 production guidance range to 118.5 &ndash [...]
Diamondback Energy Inc. , today announced that it plans to release third quarter 2018 financial results on November 6, 2018 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the third quarter of 2018 on Wednesday, November 7, 2018 at 8:00 a.m. CT. Participants should call 440-7573 or 237-1144 and use [...]
Diamondback Energy Inc. announced today that it has priced an offering of $750.0 million aggregate principal amount of its 4.750% Senior Notes due 2024 , representing a $250.0 million upsize from the previously announced size of the offering, at an issue price of 99.75% of the aggregate principal amount of the New Notes . The New Notes will mature on November 1, 2024, unless redeemed in accordance with their terms prior [...]
Diamondback Energy Inc. announced today that it proposes to offer, subject to market conditions and other factors, $500.0 million aggregate principal amount of its 4.750% Senior Notes due 2024 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended , and to certain non-U.S. persons in accordance with Regulation S under the Securities Act . The New Notes will be issued as [...]
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Energen Corporation breached their fiduciary duties in connection with the proposed sale of the Company to Diamondback Energy. Energen engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. On August 14, 2018, Energen announced that it had signed a definitive merger [...]
Diamondback Energy and Energen Corporation today announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately $9.2 billion, including Energen’s net debt of $830 million as of June 30, 2018. The consideration will consist of 0.6442 shares of Diamondback common stock for each share of Energen common stock, representing an [...]
Diamondback Energy Inc. today announced financial and operating results for the second quarter ended June 30, 2018. Additionally, Diamondback today announced it has entered into a definitive purchase agreement to acquire all leasehold interests and related assets of Ajax Resources, LLC for $900 million in cash and 2.58 million shares of Diamondback common stock, subject to certain adjustments. The cash portion of this [...]
MIDLAND, Texas, July 31, 2018 -- Diamondback Energy Inc. , today announced that it plans to release second quarter 2018 financial results on August 8, 2018 after the market closes. In connection with the earnings release, Diamondback will host a conference call and webcast for investors and analysts to discuss its results for the second quarter of 2018 on Thursday, August 9, 2018 at 9:00 a.m. CT. Participants should call [...]
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