Verde Clean Fuels, Inc. and Diamondback Energy Subsidiary Cottonmouth Ventures LLC Announce Joint Development Agreement for a Proposed Natural Gas-to-Gasoline Facility in Permian Basin

2/13/24 7:35:17 AM ET

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Verde Clean Fuels, Inc. (NASDAQ:VGAS) ("Verde" or the "Company") and Cottonmouth Ventures LLC, a subsidiary of Diamondback Energy (NASDAQ:FANG) ("Diamondback"), today announced that the parties have executed a Joint Development Agreement ("JDA") for the proposed development, construction, and operation of a facility to produce commodity-grade gasoline utilizing associated natural gas feedstock supplied from Diamondback's operations in the Permian Basin.

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Company	Date	Price Target	Rating	Analyst
Diamondback Energy Inc. $FANG	10/14/2024	$195.00	Neutral	Citigroup
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Verde Clean Fuels, Inc. and Diamondback Energy Subsidiary Cottonmouth Ventures LLC Announce Joint Development Agreement for a Proposed Natural Gas-to-Gasoline Facility in Permian Basin

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