Diamondback Energy Reports Lower Oil Prices for Q4 ...Middle East

Diamondback Energy has noted lower oil prices in the fourth quarter of the year in an SEC filing, adding that natural gas prices, in contrast, were much higher than they were in the third quarter of the year. The average realized price for crude oil Diamondback sold in the fourth quarter stood at $69.48 per barrel, which was down from $73.13 per barrel for the third quarter of the year, Reuters reported. The average realized price for natural gas, however, surged by some 30%. Diamondback, which last year acquired Endeavor Energy for $26 billion,…

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Diamondback Energy Reports Lower Oil Prices for Q4 ...Middle East

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