Diamondback shores up core position

摘要

Since January, Diamondback Energy Inc. (NASDAQ: FANG), Midland, Texas, has acquired or agreed to acquire assets in Howard County, Texas, totaling $437.8 million. The deals, expected to close by the end of June, will increase the company's interest in the basin to 89,216 net acres. Gordon Douthat, senior analyst, Wells Fargo Securities, said that at $20,900/acre, Diamondback adds 232 high-impact locations across three horizons—the Wolfcamp B, Wolfcamp A and Lower Spraberry.