Oil Prices Set to Spike After US-Israel Strikes on Iran – 2 Energy Stocks Positioned to Gain

Getting to specifics, Diamondback operates on land holdings in the Wolfcamp, Spraberry, and Bone Spring formations of the Permian. The company focuses on the acquisition, development, exploration, and exploitation of unconventional oil and natural gas resources in these areas, and the specific drilling operations include horizontal exploitation of multiple intervals. Diamondback makes extensive use of hydraulic fracturing to enhance production, and in Q4 of this year, the company averaged an output of 969.1 ...