News & Events:FANG

Diamondback Energy Inc (FANG): * DIAMONDBACK ENERGY (FANG), INC. ACCELERATES CAPITAL RETURN TO STOCKHOLDERS AND INITIATES SHARE REPURCHASE PROGRAM. * DIAMONDBACK ENERGY (FANG) - BOARD HAS APPROVED AN UP TO $2.0 BILLION SHARE REPURCHASE PROGRAM. * Diamondback Energy Inc (FANG) - ACCELERATED ITS PLANS TO RETURN 50% OF FREE CASH FLOW TO STOCKHOLDERS TO Q4 OF 2021.

Diamondback Energy, Inc. (FANG) today announced that it has accelerated its plans to return 50% of Free Cash Flow to stockholders to the fourth quarter of 2021, and the Board of Directors has approved an up to $2.0 billion share repurchase program to complement this return commitment.

- U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging, executives and analysts said. This would mean an increase in spending which could unsettle investors who have benefited from shale companies' recent prioritization of shareholder returns over ramping up production.

U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging, executives and analysts said. This would mean an increase in spending which could unsettle investors who have benefited from shale companies' recent prioritization of shareholder returns over ramping up production.

Oil producers such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS/A) are burning off gas in the largest oil field in the United States without required Texas state permits, the environmental group Earthworks said in a report on Thursday. Energy producers flare gas, an unwanted by-product of oil extraction, when they cannot transport the gas to consumers.

* 'Meme stock' AMC rises on upbeat Q2 earnings. * Kansas City jumps as Canadian Pacific sweetens buyout offer. * Futures: Dow down 0.05%, S&P flat, Nasdaq up 0.11% By Devik Jain. Aug 10 - Wall Street's main indexes were set to open flat on Tuesday as investors stayed away from making big bets ahead of a Senate vote on a much-anticipated infrastructure bill.

* Futures: Dow down 0.05%, S&P flat, Nasdaq up 0.12% Futures tracking the S&P 500 and the Nasdaq held below record highs on Tuesday as investors awaited fresh progress towards the passing of a much-anticipated infrastructure bill.

Viper Energy Partners LP (VNOM): * VIPER ENERGY PARTNERS (VNOM) - ENTERED DEFINITIVE PURCHASE, SALE AGREEMENT TO ACQUIRE CERTAIN MINERAL, ROYALTY INTERESTS FROM SWALLOWTAIL. * Viper Energy Partners LP (VNOM) - DEAL FOR 15.25 MILLION UNITS OF VIPER COMMON STOCK AND $225 MILLION OF CASH.

Viper Energy Partners LP (VNOM), a subsidiary of Diamondback Energy, Inc. (FANG), today announced it has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests from Swallowtail Royalties LLC and Swallowtail Royalties II LLC in exchange for 15.25 million units of Viper common stock and $225 million of cash, subject to customary adjustments.

Oil and gas producers EOG Resources Inc (EOG), APA Corp (APA) and Marathon Oil Corp (MRO) topped Wall Street estimate for second-quarter profit on Wednesday, driven by higher crude prices.

Rattler Midstream LP (RTLR), a subsidiary of Diamondback Energy, Inc. (FANG), today announced financial and operating results for the second quarter ended June 30, 2021. SECOND QUARTER 2021 HIGHLIGHTS “The second quarter of 2021 was another strong operational performance for Rattler as volumes and operations normalized after the impact of the first quarter's weather events.

Diamondback Energy Inc (FANG): * DIAMONDBACK ENERGY (FANG): TARGET IN 2021 IS TO FLARE LESS THAN 1% OF GROSS GAS PRODUCED - CEO ON CONF CALL. * DIAMONDBACK ENERGY (FANG): CO CAN USE 218 TO 222 MBOPD OIL BASELINE FOR PERMIAN FOR Q3 AND Q4 INTO 2022 - CONF CALL Source: Q2 Conference Call Further company coverage:

* Delta variant bears down on China as its economy loses steam. * Iran will seek end to 'tyrannical' US sanctions -Raisi. * POLL-Third weekly dip seen for U.S. fuel inventories, crude. * API data shows U.S. crude inventories fell 879,000 barrels in latest week - market sources. By Jessica Resnick-Ault.

U.S. oil and gas producers Diamondback Energy Inc (FANG), Continental Resources Inc and Pioneer Natural Resources Co (PXD) reported strong second-quarter profit as rebounding demand for industrial activity and travel boosted fuel prices. Oil prices are trading near multi-year highs helped by output curbs by the OPEC+, and easing restrictions due to COVID-19 vaccine roll-outs.

Diamondback Energy Inc (FANG): * DIAMONDBACK ENERGY (FANG), INC. ANNOUNCES SECOND QUARTER 2021 FINANCIAL AND OPERATING RESULTS. * Q2 EARNINGS PER SHARE $1.71. * Q2 EARNINGS PER SHARE ESTIMATE $2.19 -- REFINITIV IBES DATA. * Q2 2021 AVERAGE PRODUCTION OF 242.5 MBO/D. * INCREASING FULL YEAR 2021 OIL PRODUCTION GUIDANCE TO 219 - 222 MBO/D. * QTRLY REVENUE $1,681 MILLION VERSUS $425 MILLION.

Viper Energy Partners LP (VNOM): * Viper Energy Partners LP (VNOM), A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., REPORTS SECOND QUARTER 2021 FINANCIAL AND OPERATING RESULTS.

Viper Energy Partners LP (VNOM), a subsidiary of Diamondback Energy, Inc. (FANG), today announced financial and operating results for the second quarter ended June 30, 2021. SECOND QUARTER HIGHLIGHTS “Viper’s production during the second quarter was supported by concentrated exposure to Diamondback’s Midland Basin development plan, as well as increasing activity from third party operators.

Diamondback Energy, Inc. (FANG) today announced financial and operating results for the second quarter ended June 30, 2021. SECOND QUARTER 2021 HIGHLIGHTS 2021 GUIDANCE UPDATE “Diamondback built on its track record of execution in the second quarter, generating $578 million of Free Cash Flow.

* Retail sales rise unexpectedly in June. * Energy set for biggest sectoral declines for the week. * Futures up: Dow 0.22%, S&P 0.29%, Nasdaq 0.37% By Devik Jain and Shreyashi Sanyal. July 16 - Wall Street's main indexes were set to open higher on Friday, with investors piling on economically sensitive energy, banks and travel stocks as data showed U.S. retail sales unexpectedly rose in June.

* Futures up: Dow 0.04%, S&P 0.06%, Nasdaq 0.12% U.S. stock index futures edged higher on Friday, with investors piling on economically sensitive energy, banks and travel stocks ahead of key retail sales data that would shed light on the strength of the economic recovery.