Well Lateral Length | Quarterly / Earnings Reports | Production | Second Quarter (2Q) Update | IP Rates-30-Day | Initial Production Rates | Financial Results | Capital Markets | Drilling Activity | Capex Decrease
Diamondback Culls 2017 Capex by $50MM; Output Up 109% YOY to 77 MBOEPD
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Diamondback Energy released its Q2 17 financial and operational update. Highlights include:
- Q2 2017 production was 77.0 Mboe/d (75% oil), up 109% YOY, and up 25% from Q1 2017
- Lowering full year 2017 CAPEX guidance to $800 - $950 million from the previous $800 million - $1.0 billion.
Drilling Activity:
In the ReWard area of the Delaware, Diamondback completed its second operated Wolfcamp A well in Reeves County with a 10,252 foot lateral.
Also in the Delaware, the Pecos County State McGary 16-1H achieved a peak 30-day flowing IP rate of 219 boe/d per 1,000' (85% oil) after commencing with a peak 24-hour IP rate of 243 boe/d per 1,000' (85% oil).
In Howard County, the Company's latest four Wolfcamp A wells were completed with an average lateral length of 8,633 feet and achieved average peak 30-day rates of 203 boe/d per 1,000' (88% oil) per well.
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