Diamondback Announces Substantial Share Repurchase Program
Diamondback delivered production of 263 mboe/d in the first quarter, which includes the first full contribution from the assets acquired with Energen during the fourth quarter of 2018. This compares with our forecast of 258 mboe/d. Realized prices were slightly lower overall than they were in the fourth quarter due to steep declines in both crude and natural gas benchmarks, masking strong improvements in basis differentials for both commodities (reflecting Diamondback’s effective marketing strat...Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's activities are primarily focused on horizontal development of the Spraberry and Wolfcamp formations of the Midland Basin and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the larger Permian Basin in West Texas and New Mexico.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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