Diamondback Energy joins U.N.'s methane mitigation program
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Diamondback Energy (NASDAQ:FANG) said Monday it has joined the United Nations' flagship oil and gas reporting and mitigation program, the Oil and Gas Methane Partnership 2.0.
OGMP, which includes BP, Equinor and top U.S. natural gas producer EQT among its members, commits member companies to the partnership's methane reporting framework while providing for a way to report emissions confidentially.
Diamondback (FANG) already has committed to implement continuous emission monitoring systems on facilities to cover at least 90% of its operated oil production by the end of this year.
Diamondback Energy (FANG) is a solid company "with excellent growth prospects, but the economy is weakening, and oil and gas prices are struggling again," Fun Trading writes in an analysis published recently on Seeking Alpha.