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Diamondback (FANG) Signs 20-Year Deal for Fission Reactors
FANGDiamondback Energy(FANG) Zacks Investment Research·2024-04-09 12:26

Diamondback Energy, Inc. (FANG) , a Texas-based independent oil and natural gas company, has signed a non-binding letter of intent (LOI) with Oklo Inc. in a move set to redefine the landscape of energy production in the Permian basin. The LOI outlines a visionary 20-year agreement, aimed at powering FANG's operations with emission-free electricity generated by fission reactors.Unveiling the Partnership DetailsThe Scope of Collaboration: According to the terms of the LOI, Oklo plans to license, build and man ...