Diamondback Boosts Q3 Production & CapEx Guidance After Acquisition

Diamondback Energy, Inc. (FANG) , a leading Texas-based oil and gas producer, recently increased the company's third-quarter production forecast following the completion of its $26 billion acquisition of Endeavor Energy Resources. This strategic move has not only increased FANG's production capacity but also positioned the company as the third-largest producer in the Permian Basin, trailing only behind ExxonMobil (XOM) and Chevron (CVX) . FANG's Bold Production Forecast for Third Quarter In its updated fore ...