Diamondback Energy Inc.

MIDLAND, Texas, Feb. 19, 2014 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the fourth quarter ended December 31, 2013. During the fourth quarter of 2013, net income was $20.1 million, or $0.42 per diluted share. Net income for the fourth quarter includes a non-cash gain on commodity derivatives of $1.6 million ($1.0 million [...]

MIDLAND, Texas, Feb. 18, 2014 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback" or the "Company") today announced the Company has entered into definitive purchase agreements with unrelated third party sellers to acquire additional leasehold interests in Martin County, Texas, in the Permian Basin, for an aggregate purchase price of approximately $174 million, subject to certain adjustments. This [...]

MIDLAND, Texas, Feb. 6, 2014 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback" or the "Company") today provided an operational update for the quarter ended December 31, 2013. HIGHLIGHTS Nine operated Wolfcamp B wells were completed during Q4 2013 with an average 24 hour initial production ("IP") rate of 848 boe/d (90% oil) from an average lateral length of 6,119 feet. Six of these wells have [...]

MIDLAND, Texas, Nov. 6, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback Energy") announced today the pricing of an underwritten public offering of 2,000,000 shares of its common stock by Gulfport Energy Corp. (Nasdaq:GPOR) ("Gulfport Energy") at a price of $53.46 per share. The underwriters have an option to purchase up to an additional 300,000 shares from Gulfport Energy at the public [...]

MIDLAND, Texas, Nov. 5, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback Energy") announced today the launch of an underwritten public offering of 2,000,000 shares of its common stock by Gulfport Energy Corp. (Nasdaq:GPOR) ("Gulfport Energy"), subject to market and other conditions. The underwriters will have an option to purchase up to an additional 300,000 shares of common stock from Gulfport [...]

MIDLAND, Texas, Nov. 4, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback" or the "Company") today announced financial and operating results for the third quarter ended September 30, 2013. During the third quarter of 2013, net income was $14.6 million, or $0.33 per diluted share. Net income for the third quarter includes a non-cash loss on commodity derivatives of $1.7 million ($1.0 million net [...]

MIDLAND, Texas, Oct. 31, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) today announced that it plans to release its third quarter financial results on Monday, November 4, 2013 after the market closes. In connection with the earnings release, Diamondback Energy Inc. will host a conference call and webcast for investors and analysts to discuss its results for the quarter on Tuesday, November 5, 2013 at [...]

MIDLAND, Texas, Oct. 23, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback" or the "Company") today announced financial and operating guidance for the full year of 2014. 2013 REVIEW Diamondback is currently running three horizontal rigs and one vertical rig with a fourth rig expected to arrive in early November. The Company's acreage position has expanded substantially, and now stands at over [...]

MIDLAND, Texas, Oct. 21, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback") today announced initial results from its Digger 601H Clearfork Shale well in Andrews County which tested at a 24 hour rate of 611 Boe/d (87% oil) from a 7,541 foot lateral. "Since the onset of first oil in early September, the oil rate has continued to increase, reaching a maximum rate to date of 611 Boe/d (87% oil) on [...]

MIDLAND, Texas, Oct. 14, 2013 (GLOBE NEWSWIRE) -- Diamondback Energy Inc. (Nasdaq:FANG) ("Diamondback") today announced that it is proud to celebrate two achievements: its one year anniversary as a public company, as well as achieving daily net production of more than 10,000 Boe on October 4, 2013 (which includes approximately 1.8 MBoe/d from the previously announced minerals acquisition). "This achievement is a [...]