Finance

US operator scoops up Midland basin acreage for $4 billion

Diamondback Energy also planning to sell $1.5 billion in assets to shore up balance sheet

Diamondback Energy chief executive Travis Stice.
Diamondback Energy chief executive Travis Stice.Photo: CORPORATEEVENTIMAGES
North America Energy CorrespondentBaton Rouge
Published 18 February 2025, 17:46Updated 18 February 2025, 17:46
Diamondback EnergyEnverusUSPermian Basin