Diamondback Energy

Diamondback Energy Prices Offering of Senior Notes

Retrieved on: 
Tuesday, April 9, 2024
BofA Securities, FANG, Diamondback, Form, Sale, Acquisition, Security (finance), Diamondback Energy, Note, Broadridge Financial Solutions

MIDLAND, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has priced an offering (the “Notes Offering”) of $850,000,000 in aggregate principal amount of 5.200% senior notes that will mature on April 18, 2027 (the “2027 Notes”), $850,000,000 in aggregate principal amount of 5.150% senior notes that will mature on January 30, 2030 (the “2030 Notes”), $1,300,000,000 in aggregate principal amount of 5.400% senior notes that will mature on April 18, 2034 (the “2034 Notes”), $1,500,000,000 in aggregate principal amount of 5.750% senior notes that will mature on April 18, 2054 (the “2054 Notes”) and $1,000,000,000 in aggregate principal amount of 5.900% senior notes that will mature on April 18, 2064 (the “2064 Notes” and, together with the 2027 Notes, the 2030 Notes, the 2034 Notes and the 2054 Notes, the “Notes”).

Key Points: 
  • MIDLAND, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has priced an offering (the “Notes Offering”) of $850,000,000 in aggregate principal amount of 5.200% senior notes that will mature on April 18, 2027 (the “2027 Notes”), $850,000,000 in aggregate principal amount of 5.150% senior notes that will mature on January 30, 2030 (the “2030 Notes”), $1,300,000,000 in aggregate principal amount of 5.400% senior notes that will mature on April 18, 2034 (the “2034 Notes”), $1,500,000,000 in aggregate principal amount of 5.750% senior notes that will mature on April 18, 2054 (the “2054 Notes”) and $1,000,000,000 in aggregate principal amount of 5.900% senior notes that will mature on April 18, 2064 (the “2064 Notes” and, together with the 2027 Notes, the 2030 Notes, the 2034 Notes and the 2054 Notes, the “Notes”).
  • The Notes Offering is expected to close on April 18, 2024, subject to customary closing conditions.
  • The Notes will be sold in a registered offering pursuant to an effective shelf registration statement on Form S-3ASR that was previously filed with the Securities and Exchange Commission, a prospectus supplement and related base prospectus for the Notes Offering.
  • Citigroup Global Markets Inc., BofA Securities, Inc. and TD Securities (USA) LLC have served as joint book-running managers for the Notes Offering.

Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback Energy

Retrieved on: 
Monday, April 8, 2024
Technology, Security, Utilities, Public Policy, Government, Software, Alternative Energy, Energy, Nuclear, Hardware, White House, Federal Government, Permian, Inc., Power purchase agreement, Electricity, Diamondback Energy, De Witte, Multimedia, PPA, LOI

Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).

Key Points: 
  • Oklo Inc. (“Oklo”), a fast fission clean power technology and nuclear fuel recycling company, announces an agreement with Diamondback Energy Inc. (“Diamondback”) (NASDAQ: FANG), the largest independent producer headquartered in the shale-oil region to collaborate on a long-term Power Purchase Agreement (“PPA”).
  • View the full release here: https://www.businesswire.com/news/home/20240408533423/en/
    The LOI signed by Diamondback outlines its intent to enter into a 20-year PPA with Oklo.
  • According to the terms of the LOI, Oklo intends to license, build, and operate powerhouses capable of generating 50 MW of electric power to Diamondback E&P LLC, a wholly owned subsidiary of Diamondback near Midland, Texas.
  • The collaboration between Oklo and Diamondback represents a significant step towards emissions reductions and supporting national energy security by providing reliable access to electricity to power domestic energy operations.

Diamondback Energy, Inc. Schedules First Quarter 2024 Conference Call for May 1, 2024

Retrieved on: 
Monday, March 25, 2024
Diamondback Energy, Diamondback, Webcast, FANG

MIDLAND, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2024 financial results on April 30, 2024 after the market closes.

Key Points: 
  • MIDLAND, Texas, March 25, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it plans to release first quarter 2024 financial results on April 30, 2024 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 first quarter of 2024 on Wednesday, May 1, 2024 at 8:00 a.m. CT. Access to the webcast, and replay which will be available following the call, may be found here .
  • The live webcast of the earnings conference call will also be available via Diamondback’s website at www.diamondbackenergy.com under the “Investor Relations” section of the site.

Verde Clean Fuels, Inc. Reports 2023 Results

Retrieved on: 
Thursday, March 28, 2024
Alternative Energy, Energy, Oil, Gas, Permian, STG, Natural gas, Joint, Diamondback Energy, Gasoline, D3, FID, Research, Carbon, Fuel pump, JDA, GAAP, LCFS, Engineering, FANG

Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production plants to convert syngas derived from diverse feedstocks into gasoline, today reported full year 2023 GAAP diluted net loss per share of $(0.45).

Key Points: 
  • Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production plants to convert syngas derived from diverse feedstocks into gasoline, today reported full year 2023 GAAP diluted net loss per share of $(0.45).
  • Verde is continuing the selection process for FEED/EPC services for the Cottonmouth Ventures Permian Basin project.
  • Verde is proceeding with selection of a front end engineering and design (“FEED”) partner and an engineering, procurement, and construction (“EPC”) partner.
  • With the execution of the Cottonmouth Ventures JDA, Verde expects to finalize its partner selections soon.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates AVRO, CTLT, DOOR, FANG

Retrieved on: 
Saturday, February 24, 2024
Owens Corning, Masonite, Catalent, Fraud, Masonite International, Sale, Advertising, Diamondback Energy, Security (finance)

If you are an AVROBIO shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are an AVROBIO shareholder, click here to learn more about your rights and options .
  • If you are a Catalent shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2023 Financial and Operating Results

Retrieved on: 
Tuesday, February 20, 2024
Acquisition, FANG, Share repurchase, Natural gas, PDP, Growth, Debt-to-GDP ratio, Diamondback Energy, Mbo, GRP, Holding company

MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth quarter and full year ended December 31, 2023.
  • Mr. Stice continued, “There were several strategic initiatives completed during 2023 that marked important steps in the growth and evolution of Viper.
  • During the fourth quarter of 2023, the Company recorded total operating income of $204.7 million and consolidated net income (including non-controlling interest) of $125.9 million.
  • Viper’s footprint of mineral and royalty interests was 34,217 net royalty acres as of December 31, 2023.

Diamondback Energy Announces Executive Leadership Appointments and Promotions

Retrieved on: 
Tuesday, February 20, 2024
Diamondback Energy, Senior, FANG, Reservoir engineering, Corporate development, Information technology, Geology, Management

MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective immediately.

Key Points: 
  • MIDLAND, Texas, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective immediately.
  • Al Barkmann, currently Senior Vice President of Reservoir Engineering, has been promoted to Executive Vice President and Chief Engineer.
  • Jere Thompson, currently Senior Vice President of Strategy and Corporate Development, has been promoted to Executive Vice President of Strategy and Corporate Development.
  • The rapid rise of the individuals listed above is a testament to their talent and contribution to the continued success of Diamondback Energy,” stated Travis Stice, Chief Executive Officer and Chairman of Diamondback.

SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates KNTE, FANG, HAYN, VINE

Retrieved on: 
Friday, February 16, 2024
Fraud, Sale, Advertising, Diamondback Energy, Haynes International, Security (finance)

If you are a Kinnate shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a Kinnate shareholder, click here to learn more about your rights and options .
  • If you are a Fresh Vine shareholder, click here to learn more about your rights and options .
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Verde Clean Fuels, Inc. and Cottonmouth Ventures LLC Announce Joint Development Agreement for a Proposed Natural Gas-to-Gasoline Facility in Permian Basin

Retrieved on: 
Tuesday, February 13, 2024
Oil, Gas, Alternative Energy, Energy, Other Energy, Utilities, Permian, FANG, Multimedia, Natural gas, Gasoline, Carbon, JDA, Fuel pump, Joint, Diamondback Energy, Heart, FID

Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde” or the “Company”) and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy (NASDAQ: FANG) (“Diamondback”), today announced that the parties have executed a Joint Development Agreement (“JDA”) for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline utilizing associated natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.

Key Points: 
  • Verde Clean Fuels, Inc. (NASDAQ: VGAS) (“Verde” or the “Company”) and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy (NASDAQ: FANG) (“Diamondback”), today announced that the parties have executed a Joint Development Agreement (“JDA”) for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline utilizing associated natural gas feedstock supplied from Diamondback’s operations in the Permian Basin.
  • View the full release here: https://www.businesswire.com/news/home/20240213075887/en/
    The JDA provides a pathway forward for the parties to reach final definitive documents and Final Investment Decision (“FID") for the proposed project.
  • “The Verde Clean Fuels team is incredibly excited to finalize this JDA with Diamondback Energy with the goal to produce gasoline from natural gas in the Permian Basin,” said Ernie Miller, CEO of Verde.
  • “Additionally, the scalability of the project is incredibly exciting, with similar natural gas-to-gasoline facilities possible across Diamondback’s locations in West Texas.

ALERT: The M&A Class Action Firm Launches Investigation of the Merger – WISH, IONM, CBAY, FANG

Retrieved on: 
Monday, February 12, 2024
FANG, Monteverde, Empire, Gilead Sciences, Sale, Diamondback Energy, Wish (company), Therapy, WISH, Security (finance)

Under the terms of the agreement, WISH shareholders will receive $6.50 in cash per share they own.

Key Points: 
  • Under the terms of the agreement, WISH shareholders will receive $6.50 in cash per share they own.
  • Diamondback Energy, Inc. (Nasdaq: FANG ), relating to its proposed merger with Endeavor Energy Resources L.P.
  • Under the terms of the agreement, FANG shareholders are expected to own approximately 60.5% of the combined company.
  • Before you hire a law firm, you should talk to a lawyer and ask:
    Do you recover money for shareholders?