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Diamondback Energy (FRA:7DB) Allowance For Loans And Lease Losses


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What is Diamondback Energy Allowance For Loans And Lease Losses?

Allowance For Loans And Lease Losses only applies to banks.


Diamondback Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamondback Energy Inc (FRA:7DB) » Definitions » Allowance For Loans And Lease Losses
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Address
500 West Texas Avenue, Suite 1200, Midland, TX, USA, 79701
Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2023, the company reported net proven reserves of 2.2 billion barrels of oil equivalent. Net production averaged about 448,000 barrels per day in 2023, at a ratio of 59% oil, 21% natural gas liquids, and 20% natural gas.