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Top related persons:
Hess - 1 Diamondback - 1 Travis Stice - 1 ” Stifel's Derrick Whitfield - 1 ” Stice - 1 ” Travis Stice - 1 Diamondback’s - 1
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U.S Texas New Mexico United States Southwestern United States Israel Midland , Texas
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Diamondback Energy - 2 Endeavor Energy Resources - 2 Southwestern United - 1 Exxon Mobil - 1 Mobil - 1 Diamondback - 1 Endeavor - 1 Exxon - 1

Search resuls for: "Travis Stice"


4 mentions found


☆ Potential $50 Billion Southwestern Energy Giant Emerges as Diamondback Seeks to Buy Rival Endeavor
  + stars: | 2024-02-12 | by ( Associated Press | Feb. | At A.M. | ) www.usnews.com   time to read: +4 min
Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion. A tie-up between Diamondback and Endeavor, if it succeeds, would create a player in the massive Permian Basin oil and gas field that straddles Texas and New Mexico. Photos You Should See View All 22 ImagesEndeavor is the largest private operator in the Permian Basin. Lower oil prices are good for U.S. drivers, as it means they'll pay less at gas pumps. Shareholders of Diamondback Energy Inc. will own about 60.5% of the combined company, while Endeavor’s equity holders would own approximately 39.5%.
Persons: Hess, Diamondback, Travis Stice, ” Stifel's Derrick Whitfield, ” Stice Organizations: Diamondback Energy, Endeavor Energy Resources, Southwestern United, Exxon Mobil, Mobil, Diamondback, Endeavor, Exxon, Chevron, Drillers, OPEC, U.S, International Energy Agency, Diamondback Energy Inc, Chesapeake Energy, Southwestern Energy, Occidental Locations: Southwestern United States, U.S, Texas, New Mexico, United States, Israel, Midland , Texas
☆ Two Big Texas Oil Producers Announce $26 Billion Merger
  + stars: | 2024-02-12 | by ( Karen Weise | ) www.nytimes.com   time to read: +1 min
Two large Texas oil producers are joining forces in a deal valued at $26 billion, the latest in a wave of consolidation in the U.S. energy industry. Diamondback Energy and Endeavor Energy Resources, both major players in the booming Permian Basin oil field that straddles New Mexico and Texas, announced on Monday that they would merge in a cash-and-stock deal, with Diamondback’s shareholders owning about 60 percent of the combined company. The Permian Basin was once seen as a worn-out patch. The basin has been transformed into the most productive oil and gas field in the United States. “With this combination, Diamondback not only gets bigger, it gets better,” Travis Stice, the company’s chief executive, said in a statement.
Persons: ” Travis Stice, Diamondback’s Organizations: Diamondback Energy, Endeavor Energy Resources Locations: Texas, U.S, New Mexico, United States
☆ Shale producer Diamondback misses profit estimates on lower crude prices
  + stars: | 2023-05-01 | by ( Arshreet Singh | ) www.reuters.com   time to read: +2 min
Companies Diamondback Energy Inc FollowMay 1 (Reuters) - Shale producer Diamondback Energy Inc (FANG.O) reported first-quarter profit below Wall Street estimates on Monday, hurt by lower prices of crude, sending its shares down 2%. Global crude prices averaged $82 a barrel in the January-March quarter, down nearly 16% from a year earlier as concerns about global economic outlook weighed on prices. The Midland, Texas-based firm said total average unhedged realized prices were $49.72 per barrel of oil equivalent in the reported quarter, 29% lower from a year earlier. Diamondback also said there were signs that inflation, which plagued the industry in recent quarters, is showing signs of abating. Stice added that raw materials and service costs are declining and he expects his company's completion costs to be lower.
☆ Diamondback Energy sees U.S. shale oil gains slowing, costs rising
  + stars: | 2022-11-08 | by ( Liz Hampton | ) www.reuters.com   time to read: +1 min
[1/2] Travis Stice, the CEO of Diamondback Energy, poses for a portrait at Diamondback Energy's headquarters in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File PhotoNov 8 (Reuters) - Oil producer Diamondback Energy (FANG.O) said the U.S. shale industry will continue to struggle to expand production at its current pace, with costs of new shale wells likely rising. The aging of oil and gas wells, supply chain bottlenecks and investor focus on shareholder returns have led to slowing U.S. oil output gains, Diamondback Chief Executive Officer Travis Stice told investors on Tuesday during an earnings call. President Joe Biden has criticized companies for not lifting production faster and raking in massive profits as energy inflation hits consumers. Diamondback acquired oil producer FireBird Energy last month, and that it would sell some $500 million in non-core assets by the end of 2023 and use proceeds to cut debt.
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