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Diamondback Talks 2019 Capex Post-Energen Takeover; YOY Comparison, Rigs, Wells, Capex
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Diamondback Energy detailed its 2019 development plans, budget and guidance.
CEO Travis Stice noted that the budget / operating plans could be cut if commodity price volatility continues: "If commodity prices continue to decline, we will further reduce activity to match our budget to expected annual operating cash flow."
2019 Plans vs. Prior YearsThe charts below compare Diamondback and Energen's spending / rig and well activity from prior years in the blue and yellow charts, respectively.
The gray chart compares the combined spending and well activity from both companies in prior years. As you can see, the combined rig and well plans from both companies are flat from 2018.
Highlights:- 2019 Capex: $2.7-3.1 billion
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