Diamondback Energy – Charm

Texas is facing a ‘broken’ shale industry. AI’s power needs could be a lifeline.

Cs news4 weeks ago011 mins

The Texas shale boom is showing signs of cooling, but demand from the AI boom could help steady the state’s flagging energy industry. Production activity in America’s oil and gas sector, concentrated in Texas, fell in the third quarter, according to data released in September by the Federal Reserve Bank of Dallas. This marked the…

Diamondback says it should be Permian’s ‘consolidator of choice’ as oil outlook dims

Cs news4 months ago02 mins

By Arunima Kumar (Reuters) -Shale driller Diamondback Energy said on Tuesday it should remain the Permian Basin’s “consolidator of choice” as shale activity slows and the company focuses on shareholder returns following its $26 billion merger with Endeavor Energy. “We should naturally be the consolidator of choice as we execute a lower-cost and better overall…