Diamondback Energy Talks About Acquiring Oil Companies in the Permian Basin
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Diamondback Energy has been on an acquisition spree over the last several months, acquiring Oil and Gas operators in the Permian Basin such as QEP Resources and Guidon Operating.
The deals totaled nearly $3 billion in value through cash and stock transactions, so Kaes Van’t Hof, CFO of Diamondback Energy came on to walk us through their thought process on that, as well as what the future of the company looks like and the status of investor sentiment towards the industry.