US producer Diamondback Energy swoops again with $1.5 billion acquisition

Permian heavyweight has now spent $3.1 billion buying two private companies in a month

Growth: Diamondback Energy chief executive Travis Stice says the company on track to increase its Midland Basin footprint by about 83,000 net acres.
Growth: Diamondback Energy chief executive Travis Stice says the company on track to increase its Midland Basin footprint by about 83,000 net acres.Photo: DIAMONDBACK ENERGY
Published 17 November 2022, 12:00Updated 23 November 2022, 11:45