FANG has been in the news 409% more than usual
May 08, 2025, 12:31 AM
6.10%
What does FANG do
Diamondback Energy, headquartered in Midland, Texas, focuses on the acquisition and development of unconventional oil and gas reserves in the Permian Basin, covering approximately 607,877 gross acres. The company went public on October 17, 2012, and employs 1,023 full-time staff.
FANG has been in the news recently: Diamondback Energy reported that U.S. shale production is likely at its peak, forecasting a nearly 10% decrease in onshore oil rigs by the end of the second quarter due to a price war and a 17% drop in crude prices. The CEO of Diamondback Energy cautioned that reduced fracking activity could lead to a decline in U.S. oil production, which may affect energy security.
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