Multiple Catalysts Make Oversold Diamondback Energy Attractive
- FANG's Q2 2014 production was up 32% from Q1 2014 and 171% from Q2 2013 at 17.8 Mboe/d.
- On July 18, 2014 FANG announced the acquisition of 13,136 net acres in the Permian Basin with production of 2.2 Mboe/d and 5.2 MM of proves reserves.
- FANG spun of VNOM in Q2 2014. It retained ownership of 92% of the common units and all of the IDRs.
- FANG is working to cut costs and improve drilling and completion techniques for further profits. Read more for the many interesting details.