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Diamondback Energy Joins Encana In Boosting 2017 Permian Drilling Plans
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Diamondback Energy has reported a 3Q 2016 update, increased 2016 production outlook and introduced preliminary guidance for the full year of 2017.
2017 Plans: Plans to complete 90 to 120 gross horizontal wells Capital Program : 500-650 million 5-7 Rig Drilling ProgramEncana in its most recent Investor Day presentation also plans to increase its drilling Plans almost 40% to $950 million.
Drilling Program / Rig Activity Adding fifth rig in 4Q 2016 Adding sixth rig in early 2017 2016 Production & Capital Expenditure Updated Guidance Diamondback is increasing its 2016 production guidance to a range of 41.0 to 42.0 Mboe/d, up 6% from the midpoint of the July guidance range of 38.0 to 40.0 Mboe/d, as a result of continued strong well performance. Diamondback now intends to complete…- ✓ Full news archive — U.S., Canada & international coverage
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