MIDLAND, Texas, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) announced today that it has priced an offering (the “Notes Offering”) of $650,000,000 in aggregate principal amount of 6.250% senior notes that will mature on March 15, 2053 (the “Notes”). The price to the public for the Notes is 99.985% of the principal amount. Diamondback intends to use the net proceeds from the Notes Offering for general corporate purposes, including, without limitation,
Apart from Diamondback Energy (FANG) and Chevron (CVX), ConocoPhillips (COP), Transocean (RIG) and Enbridge (ENB) hogged attention during the week.
Energy stocks fell Monday morning as growing concerns about China's pandemic reopening helped push U.S. crude prices to their [lowest levels of the year](https://www.wsj.com/livecoverage/stock-market-news-today-11-28-2022/card/u-s-crude-oil-prices-erase-2022-gains-crQAx1F9mcrilxlS9qKR). Shares in Diamondback Energy, EOG Resources, ExxonMobil, Pioneer Natural Resources and Chevron all fell more than 2% in morning trading. Investors piled into such stocks in recent months as skyrocketing energy pr