Energy stocks enjoyed a broad rally Friday, as crude oil futures peeked above the $80-per-barrel level for the first time in seven years. The SPDR Energy Select Sector ETF...
Wall Street's third quarter earnings season kicked off this week, with banking giant JPMorgan Chase (NYSE:JPM) leading the reporting print today, soon to be followed by Bank of...
Energy stocks have been on fire in recent weeks, boosted by a furious rally in crude oil and natural gas prices, which are both trading at their best levels in years.Not...
Summary:Exxon shares have surged almost 50% this year, rebounding from a deep slump in 2020.Despite this rally, the majority of analysts don’t see much value in holding XOM...
Diamondback Energy, Inc. is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company's total net acreage position in the Permian Basin was approximately 105,894 net acres. As of December 31, 2016, the Company, through its subsidiary, Viper Energy Partners LP (Viper), owned mineral interests underlying approximately 107,568 gross acres primarily in Midland County, Texas in the Permian Basin. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The Company's reserves are located in the Permian Basin of West Texas, in particular in the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. The Company refers to the Clearfork, Spraberry, Wolfcamp, Strawn and Atoka formations collectively as the Wolfberry play.