Diamondback Energy continues Midland Basin focus in buying FireBird

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US upstream producer Diamondback Energy, which recently announced a $1.6 billion acquisition of Midland Basin operator FireBird Energy, will continue pursuing that eastern area of the Permian Basin in West Texas, the company’s top executives said Nov. 8. The area is where its return rates and oil and gas yields have improved in recent years, the executives added. Diamondback has…