{"id":742871,"date":"2023-03-27T16:04:48","date_gmt":"2023-03-27T20:04:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-joins-the-oil-and-gas-methane-partnership-2-0\/"},"modified":"2023-03-27T16:04:48","modified_gmt":"2023-03-27T20:04:48","slug":"diamondback-energy-inc-joins-the-oil-and-gas-methane-partnership-2-0","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-joins-the-oil-and-gas-methane-partnership-2-0\/","title":{"rendered":"Diamondback Energy, Inc. Joins the Oil and Gas Methane Partnership 2.0"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MIDLAND, Texas, March  27, 2023  (GLOBE NEWSWIRE) &#8212; Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or \u201cthe Company\u201d) today announced that it has joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the United Nations Environment Programme\u2019s flagship oil and gas reporting and mitigation program.<\/p>\n<p align=\"justify\">\u201cDiamondback is proud to join OGMP 2.0 and apply its emission reporting framework to our asset base in the Permian Basin,\u201d stated Travis Stice, Chairman and Chief Executive Officer of Diamondback. \u201cAs we work towards achieving our emission reduction targets, it\u2019s paramount that we can rely on a framework that improves the accuracy and transparency of methane emissions reporting.\u201d<\/p>\n<p>\u201cWe are delighted that Diamondback Energy is taking action to reduce methane emissions by joining OGMP 2.0,\u201d said Giulia Ferrini, OGMP 2.0 Project Manager, UNEP. \u201cOil and gas companies must be part of the methane solution if we are to keep global warming to 1.5\u00b0C.\u201d\u00a0\u00a0\u00a0\u00a0<\/p>\n<p align=\"justify\">In 2022, Diamondback committed to implement continuous emission monitoring systems on facilities to cover at least 90% of the Company\u2019s operated oil production by the end of this year. Diamondback also has a target to reduce methane intensity by at least 70% from 2019 levels by 2024.<\/p>\n<p align=\"justify\">About Diamondback Energy, Inc.<\/p>\n<p align=\"justify\">Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=pXNeupFl17gCt3GncJsxlwI-OF4qqnA9mo9STH8edIS0H0hKVlWlWTPh3zhcj4YqIZ33pta0GbmJbQC3_dgyECfbnDwYMYdE7x1dWvlUfHc=\" rel=\"nofollow noopener\" target=\"_blank\">www.diamondbackenergy.com<\/a>.<\/p>\n<p align=\"justify\">About OGMP 2.0<\/p>\n<p align=\"justify\">The Oil and Gas Methane Partnership 2.0 (OGMP 2.0) is the United Nations Environment Programme\u2019s flagship oil and gas reporting and mitigation program. OGMP 2.0 is the only comprehensive, measurement-based reporting framework for the oil and gas industry that improves the accuracy and transparency of methane emissions reporting in the oil and gas sector. Already 100 companies with assets on five continents, representing over 35% of the world&#8217;s oil and gas production, have joined the partnership. OGMP 2.0 members also include operators of natural gas transmission and distribution pipelines, gas storage capacity and LNG terminals. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eCIChkr5FslE19e6taqXDu0162I5Q7taphFBqaoAi2A7hPjzCyA1c84d3QH9zJ1kF-de6OzY9rzHMCVGvWiQP4gOPrckjzI80cpgqVkjUzY=\" rel=\"nofollow noopener\" target=\"_blank\">ogmpartnership.com<\/a>.<\/p>\n<p align=\"justify\">Forward Looking Statements<\/p>\n<p align=\"justify\">The foregoing release contains forward-looking statements as defined by the Securities and Exchange Commission. All statements, other than historical facts, that address activities, events or developments that Diamondback assumes, plans, expects, believes, intends or anticipates (and other similar expressions) will, should or may occur in the future are forward-looking statements. The forward-looking statements are based on management\u2019s current beliefs, based on currently available information, as to the outcome and timing of future events, including the current industry and macroeconomic conditions, commodity pricing environment, production levels, any future regulatory actions affecting Diamondback, the impact and duration of the COVID-19 pandemic, acquisitions and sales of assets, drilling and capital expenditure plans, environmental targets and initiatives and other factors believed to be appropriate. Forward looking statements are not guarantees of performance. These forward-looking statements involve certain risks and uncertainties, many of which are beyond Diamondback\u2019s control and could cause the actual results or developments to differ materially from those currently anticipated by the management of Diamondback. Information concerning these risks and other factors can be found in Diamondback\u2019s filings with the Securities and Exchange Commission, including its reports on Forms 10-K, 10-Q and 8-K. Diamondback undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.<\/p>\n<p align=\"left\">Investor Contact:<br \/>Adam Lawlis<br \/>+1 432.221.7467<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1sNqPQdyphmbolOQVQnz_m21hiD5HKl50BcxGJO6svwcqEiz_0SRUSkNtX3066j-XL2XxXR-JlY3Tb1j7pm2xYycgeSnYS7LIqtSs764wBL6AqGRlDEsEMmvLm8kZle_\" rel=\"nofollow noopener\" target=\"_blank\">alawlis@diamondbackenergy.com<\/a>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5NjIxMyM1NDkzODAyIzIwMDkyMjU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MmQzZGYyNDItMTczOS00YWVhLWJjNjctNDZiYmQ4NjA1Nzg5LTEwMjA3OTg=\/tiny\/Diamondback-Energy-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MIDLAND, Texas, March 27, 2023 (GLOBE NEWSWIRE) &#8212; Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or \u201cthe Company\u201d) today announced that it has joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the United Nations Environment Programme\u2019s flagship oil and gas reporting and mitigation program. \u201cDiamondback is proud to join OGMP 2.0 and apply its emission reporting framework to our asset base in the Permian Basin,\u201d stated Travis Stice, Chairman and Chief Executive Officer of Diamondback. \u201cAs we work towards achieving our emission reduction targets, it\u2019s paramount that we can rely on a framework that improves the accuracy and transparency of methane emissions reporting.\u201d \u201cWe are delighted that Diamondback Energy is taking action to reduce methane emissions by joining OGMP &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-joins-the-oil-and-gas-methane-partnership-2-0\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Diamondback Energy, Inc. Joins the Oil and Gas Methane Partnership 2.0&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-742871","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Diamondback Energy, Inc. 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(NASDAQ: FANG) (\u201cDiamondback\u201d or \u201cthe Company\u201d) today announced that it has joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the United Nations Environment Programme\u2019s flagship oil and gas reporting and mitigation program. \u201cDiamondback is proud to join OGMP 2.0 and apply its emission reporting framework to our asset base in the Permian Basin,\u201d stated Travis Stice, Chairman and Chief Executive Officer of Diamondback. \u201cAs we work towards achieving our emission reduction targets, it\u2019s paramount that we can rely on a framework that improves the accuracy and transparency of methane emissions reporting.\u201d \u201cWe are delighted that Diamondback Energy is taking action to reduce methane emissions by joining OGMP &hellip; Continue reading &quot;Diamondback Energy, Inc. 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