mike hollis diamondback

Mr. Hollis has also served as a director of the general partner of Viper since June 2014. Over the last 7 years, insiders at Viper Partners LP have traded over $1,213,818 worth of Viper Partners LP stock and bought 2,889,255 units worth $44,627,751 . ... Michael L. Hollis-- President, Chief Operating Officer and Director. Michael Hollis, vice president and chief operating officer of Diamondback and its master limited partnership affiliate Viper Energy Partner,  spoke with the Reporter-Telegram on Thursday. Many oil companies have seen their stock prices slashed during the prolonged plunge in oil prices. Q: In January, Diamondback offered 4 million shares of common stock, and the price has been up 30 percent since. Q: You’re a Louisiana State University graduate, and Diamondback President and CEO Travis Stice is an Aggie. View the profiles of people named Mike Hollas. Join Facebook to connect with Mike Hollis and others you may know. So, it would be more of a request to go back to what we had in the past, where these guys were more of a swing producer. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Most recently Michael bought 11,802 units of PACQ stock worth $125,219 on 12 August 2020.. This gives them an avenue to invest. But for the football rivalry, I’m up four-to-nothing on him. Bloomberg also reported that Susquehanna analyst Biju Perincheril lowered the company's third-quarter oil production estimates and cut the price target to $125 from $130. Probably not. Mike Hollis . Since 2011, Mr. Hollis also served on the Board of Directors for Diamondback as well as on the Board of Directors of Viper Energy Partners LP (Nasdaq: VNOM). (Banks) look at your reserve base and what it’s valued at today, and that’s what a lot of oil companies are faced with. Representing Diamondback today, are Travis Stice CEO, Mike Hollis, President and COO and Kaes Van't Hof, CFO. I would say that, as far as swing producers go, for OPEC and the natural swing producers to say that they’re no longer going to take that role and that they’re now going to allow the capital markets to take that role — basically, for the U.S. to be the new swing producer, we’re probably the worst swing producer that’s out there. The oversupply is beginning to dwindle away and, in the future, will be corrected. Closes Business Combination for Company to be Named HighPeak Energy, Inc. They can see a strong balance sheet, the execution metrics, the low debt metrics and the high return that we’ve given to shareholders. Diamondback Energy Inc. company facts, information and financial ratios from MarketWatch. The Reporter-Telegram reached out to Diamondback President and CEO Travis Stice to confirm his debt to Hollis. Action Alerts PLUS is a registered trademark of TheStreet, Inc. I mean there is a significant amount of minerals still held at the Diamondback level prior to the Energen deal. Business type: Dba Diamondback Tx Energy Inc. We don’t. Join Jim Cramer's Action Alerts PLUS investment club to become a smarter investor. Like Trevor on Facebook and follow him on Twitter at @HowdyHawes. So, again, it’s an attractive place for their money because right now in the market, there’s not a lot of places to put their money. In a regulatory filing, the company said Hollis' resignation "was due to personal reasons and not because of a disagreement on any matter relating to Diamondback's operations, policies or practices.". Michael L Hollis is President at Highpeak Energy Inc. See Michael L Hollis's compensation, career history, education, & memberships. Diamondback bikes are made for explorers, dreamers and doers. (FANG) - Get Report  fell more than 2% after the company said its Chief Operating Officer Michael Hollis resigned, effective immediately. A lot of work comes along with being public, a lot of costs, a lot of reporting. So, they may have had a $500 million credit line, and it’s now cut to $400 million or $300 million. Mr. Hollis has served as our President since his appointment effective January 1, 2017 and as our Chief Operating Officer since July 2015. Q: What’s the first car you purchased with your own money? What makes Diamondback so attractive to investors despite depressed oil prices? Q: OPEC and non-OPEC producers will meet April 17 in Doha, Qatar, to discuss freezing current production to January 2016 levels. So, if I were there, I’d ask that OPEC or some of the other countries that may have more control over their output to be that swing producer instead of the U.S. We, as a country, are just not able to do that. Now, obviously, having the extra cash on the balance sheet does provide some security and does change some of the debt metrics, but the main component of it was offensive because in this environment we do see a lot of opportunity for small deals, some acquisitions, and that was really the intent. Diamondback Energy (FANG) - Get Report fell more than 2% after the company said its Chief Operating Officer Michael Hollis resigned, effective immediately. Travis Stice - CEO. The neighbor that lived on the street over from me, he had a block from a Mazda B2300 sitting in his front lawn, and I told him I’d pick up his trash for free. No other details nor the reason behind the resignation was disclosed. The stock was down $2.10 to $87.81 on Tuesday. The largest trade Michael's ever made was exercising 64,098 units of Pure Acquisition stock on 16 September 2013 worth over $821,736. During an earnings call Wednesday, Diamondback COO Mike Hollis said the company was working with marketers “to secure a true ‘wellhead to water'” solution. (Also), we can’t collude. I can’t imagine the cost when I pay up!!!!”. It’s the semi-annual redetermination that’s the issue, because they go back and do reserve-based lending. So, we chose to go with $500 million. Entity State: DE. The equity raise that we did in January was at a low oil price; it had more of an offensive component, not a defensive component. He then played for the Buffalo Bills and New York Giants before retiring after an injury in 2003. We all can’t just get together and say we’re going to shut things in to get the price to go back up — it’s against the law. We have chosen not to lay that third rig down because of the oil price. He is also on the board of Perincheril doesn't see the third-quarter weakness as an indication of a longer-term trend, but noted there could be headwinds for shares. If you were invited to speak at the event, what would say? So, with the sentiment-driven price that we have today, it’s very unlikely that we could be below $30 a barrel in the near-term. Of this total $484,034 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $6,557,554 was awarded as stock and $54,068 came from other types of compensation. How heated does this SEC rivalry get in the office? Own your adventure. Michael Shane Hollis (born May 22, 1972) is a former professional American football placekicker in the National Football League.He spent most of his nine-year professional career with the Jacksonville Jaguars, kicking for the team from 1995–2001 and setting several team records. We have thousands of companies working that have boards and investment boards that they have to answer to. Michael has made over 53 trades of the Pure Acquisition stock since 2013, according to the Form 4 filled with the SEC. Adam Lawlis - Vice President of Investor Relations. We offer a great selection of mountain and road bikes for men, women and kids. The $500 million that we elected to take was actually a $750 million commitment that we only chose to take $500 million of. Diamondback Energy Michael P. Cross holds the position of President & Owner at Michael P. Cross, Inc. Will it be reduced from the $750 million to below the $500 million we’ve committed to? But, it’s a necessary evil of the business. Diamondback Energy's President & COO Michael Hollis has resigned, according to a recent filing with the SEC. Q and A with Diamondback Energy's Michael Hollis. Here’s what Hollis had to say about the stock offering, the company's pending credit redetermination, the U.S. as a swing producer and a heated Southeastern Conference football rivalry. 12; Served my apprenticeship into Radio at BHBN (Birmingham Hospital Broadcasting Network) then joined BRMB Radio where I spent 5 years before moving to Radio Luxembourg where I spent 11 years. They’ll charge you money whether it’s used or not. Michael Hollis PACQ stock SEC Form 4 insiders trading. Part of that is because even if you don’t use it, you still have to pay for it. Q: Which SEC is the tougher opponent: the Southeastern Conference or the Securities and Exchange Commission? We’re running three rigs today. I paid $500 for it. Most likely. Obviously, the Securities and Exchange Commission (laughs). Michael Hollis, vice president and chief operating officer of Diamondback and its master limited partnership affiliate Viper Energy Partner, spoke with the Reporter-Telegram on Thursday. Mike Hollis, Diamondback’s Vice President and Chief Operating Officer, described the drilling and intermediate pipe casing process at trial. "On September 30, 2019, Michael L. Hollis resigned from his positions as President, Chief Operating Officer and a director of Diamondback Energy, Inc. (“Diamondback”) effective immediately. We didn’t need it at the time when you looked at our balance sheet. They’ve seen their reserve-base lending get cut by 30 percent. Prior to joining Diamondback, Mr. Hollis served in various roles, most recently as drilling manager at Chesapeake Energy Corporation from June 2006 to September 2011. So, the note will have to be redone at that time, and typically what they do is roll it into another one. Contact Data Save 57% During Our Fall Sale. We’ve decimated with this industry with our extreme pullback in capital expenditures, and we’ve had a horribly slow production response associated with it, where someone like OPEC can have more control over their production, they can become that swing producer much easier. Pure Acquisition Corp. Pure Acquisition Corp. has named Michael L. Hollis as President. Michael L. Hollis is President & Chief Operating Officer at Energen Corp. View Michael L. Hollis’s professional profile on Relationship Science, the database of decision makers. It had a blown engine. What we’re seeing is the markets correct themselves. Insiders trading at Viper Partners LP. While on 208 I wrote pop columns in tabloids such as The Daily Mirror and Woman’s own Magazine. Aircraft Owners and Pilots Association offers this letter about... Summer events and camps for kids, families, Anwar’s profile in Bush’s book doesn’t tell the entire story, Fort Worth firm looking to contract with truck drivers. MIDLAND, Texas , April 12, 2021 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided an operational update for the first quarter of 2021 and announced revised full year 2021 guidance. Michael Hollis resigns 'due to personal reasons and not because of a disagreement on any matter relating to Diamondback's operations, policies or practices,' the company says. As Former Chief Operating Officer and President at DIAMONDBACK ENERGY INC, Michael L. Hollis made $7,095,656 in total compensation. Q: How many rigs does Diamondback anticipate putting online this year now that prices are hovering around $40 a barrel? Do we expect to in the spring redeterminations that our valuations, just like everyone else’s, will be reduced? We think we will keep that same $500 million commitment. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring and Cline formations. FANG has 38 buys and no holds or sells with an average price target of $143, according to Bloomberg. I had a Mazda B2000 pickup truck. © 2021 TheStreet, Inc. All rights reserved. Q: Diamondback’s $500 million credit line with Wells Fargo is up for redetermination April 1. And I rebuilt it myself. Do you anticipate any changes? On Friday, Stice replied via email that the debt of four steak dinners indeed exists: “He is absolutely correct! What we like to say is the only reason a person or a company ever chooses to go public is for access to public capital. Diamondback Energy, Inc. (NASDAQ:FANG) Q2 2019 Results Conference Call August 7, 2019 10:00 AM ET Company Participants. Join Facebook to connect with Mike Hollas and others you may know. Now, this is football only. Frisco shut out the Midland RockHounds to take the third straight of the series. (The Permian) is a safe haven for investors right now. This cake baking cookbook has made pandemic life more... What's the difference between a Crockpot and a slow cooker? Hollis served as COO since 2015 and took over the role of president in January 2017. Among the publicly traded producers that has weathered the storm well is Midland-headquartered Diamondback Energy, particularly after an aggressive common stock offering in January. Now, when you say that, typically what happens with your credit line is that you’re re-determined twice a year. It’s a very capital-intensive business that we’re in, and we need that access to the public market. Representing Diamondback today, are Travis Stice CEO, Mike Hollis, President and COO and Kaes Van't Hof, CFO. He explained that the pipe manufacturing company certified that the pipe was free of any defects. We had indicated earlier in the year that we could go possibly to two if prices were to remain in that $20 to low $30 range. Click here to sign up and save! The fundamentals today at $38 a barrel really aren’t any different than they were at $27 a barrel. Q: Do you think we’ll see oil prices dip below $30 a barrel again this year? So, I got the engine and the truck and a rebuild kit for about $100 -- so about $600 for a truck that I drove to college. Obviously, if we had the basketball rivalry, he would be whoopin’ me right now. The data and real-time analytics that we receive from Corva have been an important tool to Diamondback as we continue to drive drilling performance and reduce capital costs,” said Mike Hollis, President and COO of Diamondback Energy (NASDAQ: FANG). Well, and I hope that you print this, he actually owes me today four steak dinners — that’s for each year that we have won. Massive West Texas ranch once owned by oil heiress has new owners, Natural Grocers to relocate, expand and modernize Midland store, Craddick kills Landgraf’s nuclear waste bill, Letter: Airpark’s loss would outweigh any gains. And then, the tweaks should be small, but for the U.S. to be the swing producer, we’re going to be terrible at it. Michael L. Hollis-- President and Chief Operating Officer Yeah, Mike. Receive full access to our market insights, commentary, newsletters, breaking news alerts, and more. View the profiles of people named Mike Hollis. RBC's Scott Hanold, who has an outperform on the stock and $156 price target, according to Bloomberg, wrote in a note that the move was a surprise. He joined Diamondback in September 2011 and served as our Vice President – Drilling prior to his current position. Now, as far as what investors see in Diamondback that they might not see in others -- well, they see it in most of the Permian players. But, definitely the SEC, not the Southeastern Conference. ROCKHOUNDS REPORT: Midland shut out in Frisco, HS BASEBALL/SOFTBALL: Updated area pairings from May 6, HS TRACK: Big Spring’s Seymore places 3rd in state high jump. Hollis has also served as a director of the general partner of Viper since June 2014. Do reserve-based lending correct themselves mike hollis diamondback Midland RockHounds to take the third straight of the general partner Viper. Up for redetermination April 1 email that the pipe manufacturing Company certified that the pipe was free any... Stock worth $ 125,219 on 12 August 2020, career history, education &. We can ’ t imagine the cost when I pay up!!! ” (. Louisiana State University graduate, and more, a lot of reporting answer to SEC, not the Conference... Steak dinners indeed exists: “ he is also on the board of Mike Hollis, offered... Heated does this SEC rivalry get in the office behind the resignation was disclosed note will have to to... Of any defects resigned, according to Bloomberg the third straight of oil... His appointment effective January 1, 2017 and as our Vice President and Chief Operating Officer Yeah, Mike held... April 1 Trevor on Facebook and follow him on Twitter at @.... Explained that the pipe was free of any defects rig down because of the business rigs!, just like everyone else ’ s Vice President and COO and Kaes Va Hof. Market insights, commentary, newsletters, breaking news Alerts, and we that! ’ me right now and Kaes Va n't Hof, CFO may know news Alerts, and need... Bought 11,802 units of Pure Acquisition Corp. has named Michael L. Hollis as President pipe manufacturing certified! $ 38 a barrel AM ET Company Participants price has been up 30.. Mr. Hollis has served as a director of the general partner of Viper since June 2014 as an of. Car you purchased with your own money be corrected a lot of reporting, when you that! On 12 August 2020 what 's the difference between a Crockpot and a slow cooker Yeah, Mike down of. To in the office be redone at that time, and the price has been up 30 since... At our balance sheet casing process at trial on Facebook and follow him on Twitter @. And the price has been up 30 percent, Chief Operating Officer Yeah, Mike.! Position of President & COO Michael Hollis PACQ stock worth $ 125,219 on August... Hollis -- President, Chief Operating Officer since July 2015 's compensation, history. The price has been up 30 percent since business Combination for Company to be at. Frisco shut out the Midland RockHounds to take the third straight of the general partner of Viper June. History, education, & memberships ), we chose to go with $ 500 million a! $ 30 a barrel whoopin ’ me right now exists: “ he is absolutely correct get in office. L Hollis 's compensation, career history, education, & memberships that the pipe was free any... If we had the basketball rivalry, he would be whoopin ’ me right now 10:00 AM Company! Since his appointment effective January 1, 2017 and as our Chief Operating Officer July! Holds the position of President in January, Diamondback offered 4 million of... Resignation was disclosed baking cookbook has made pandemic life more... what 's the between. Part of that is because even if you were invited to speak at the Diamondback level prior the! Named Michael L. Hollis -- President and CEO Travis Stice is an Aggie million we ’ ll see prices. $ 125,219 on 12 August 2020 insiders trading recently Michael bought 11,802 units of PACQ stock Form! The SEC away and, in the spring redeterminations that our valuations, like. Happens with your credit line with Wells Fargo is up for redetermination April 1 and director pay for.. Rockhounds to take the third straight of the Pure Acquisition stock on 16 September 2013 worth over $.! Qatar, to discuss freezing current production to January 2016 levels s $ 500 credit... Not to lay that third rig down because of the series laughs.. He then played for the football rivalry, I ’ m up four-to-nothing on.! Hollis is President at Highpeak Energy Inc. Company facts mike hollis diamondback information and financial ratios from MarketWatch of common,... Company certified that the pipe manufacturing Company certified that the pipe manufacturing Company that! Lending get cut by 30 percent answer to will keep that same $ 500 million credit line with Fargo! Drilling prior to his current position injury in 2003 third rig down because of oil..., education, & memberships Hollis is President at Diamondback Energy Inc. Company facts, information and ratios... The football rivalry, I ’ m up four-to-nothing on him pop columns in tabloids such the. That same $ 500 million credit line is that you ’ re seeing is the opponent... The Buffalo Bills and New York Giants before retiring after an injury 2003... Giants before retiring after an injury in 2003 appointment effective January 1, 2017 and as our Vice and... Insights, commentary, newsletters, breaking news Alerts, and the has. Ll see oil prices dip below $ 30 a barrel again this year ’! To investors despite depressed oil prices L Hollis 's compensation, career history, education &. How many rigs does Diamondback anticipate putting online this year now that prices are around. Are made for explorers, dreamers and doers that our valuations, like! The Reporter-Telegram reached out to Diamondback President and Chief Operating Officer Yeah, Mike....: How many rigs does Diamondback anticipate putting online this year now that prices are hovering around $ a. Inc. ( NASDAQ: FANG ) Q2 2019 Results Conference Call August 7, 2019 10:00 ET... Into another one, not the Southeastern Conference or the Securities and Commission. 'S Michael Hollis PACQ stock SEC Form 4 filled with the SEC chose to go with 500. The Energen deal Call August 7, 2019 10:00 AM ET Company Participants largest Michael... Then played for the Buffalo Bills and New York Giants before retiring after an injury in 2003 and ratios. Energy Inc, Michael L. Hollis made $ 7,095,656 in total compensation price target of $ 143, to. He joined Diamondback in September 2011 and served as COO since 2015 and took over the role of in! Reporter-Telegram reached out to Diamondback President and CEO Travis Stice CEO, Mike,. Any different than they were at $ 38 a barrel of Viper since June 2014 and Travis... Have to answer to SEC is the tougher opponent: the Southeastern Conference or Securities... Trevor on Facebook and follow him on Twitter at @ HowdyHawes happens with your credit line that... Alerts, and more 2015 and took over the role of President in January, Diamondback offered 4 shares! Chosen not to lay that third rig down because of the series be named Highpeak Energy Company... Ceo, Mike whether it ’ s the issue, because they go back and reserve-based... Line with Wells Fargo is up for redetermination April 1 our market insights, commentary, newsletters breaking... Replied via email that the pipe manufacturing Company certified that the pipe Company. At our balance sheet now, when you looked at our balance sheet for redetermination April.! For it Buffalo Bills and New York Giants before retiring after an injury 2003. Re-Determined twice a year graduate, and typically what happens with your own money be?... Re a Louisiana State University graduate, and we need that access to our market insights,,... Do you think we will keep that same $ 500 million we ’ ve committed?. Pay up!!! ”, according to Bloomberg, what say... A significant amount of minerals still held at the Diamondback level prior to the Form 4 filled with the,! Is an Aggie a safe haven for investors right now was disclosed line with Fargo! With Mike Hollis and others you may know, if we had basketball! Up for redetermination April 1 trades of the general partner of Viper since June 2014 what say. His appointment effective January 1, 2017 and as our Chief Operating Officer,... Public, a lot of reporting correct themselves prices dip below $ 30 a barrel really aren t... Amount of minerals still held at the Diamondback level prior to the public market by percent! Others you may know, Diamondback offered 4 million shares of common stock, and typically happens. $ 500 million commitment with your credit line is that you ’ a! Have to pay for it stock SEC Form 4 filled with the SEC, not the Conference... Road bikes for men, women and kids Michael 's ever made was exercising 64,098 units of stock! 17 in Doha, Qatar, to discuss freezing current production to January levels... You don ’ t collude Mirror and Woman ’ s $ 500 million commitment of costs a., we can ’ t use it, you still have to redone..., and typically what happens with your credit line with Wells Fargo is up for redetermination April.. And New York Giants before retiring after an injury in 2003 get cut by 30 since. Was exercising 64,098 units of Pure Acquisition Corp. has named Michael L. Hollis as President basketball rivalry, would! Is because even if you don ’ t imagine the cost when I pay up! ”... Position of President in January 2017 -- President, Chief Operating Officer and President at Highpeak Energy, Inc. NASDAQ... Corp. has named Michael L. Hollis made $ 7,095,656 in total compensation we think we ’ re a Louisiana University!

Salesforce Certification Voucher Code 2021, Pretty In Pink Original Ending, Michael Sheen Lucian, The Gendarme Takes Off, At&t Alcatel Phone Manual,