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Diamondback to Shuffle Rig Fleets in Near-Term; Five Midland, Three S. Delaware
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Diamondback released its Q1 2017 results and highlights from its presentation / report include:
Rig Plans:
In March 2017, Diamondback added a seventh rig, which began development in the Southern Delaware Basin. In April 2017, the Company added an eighth operated rig, which began development in the Midland Basin. Diamondback plans to move this rig to Pecos County in the coming weeks and operate five rigs in the Midland Basin and three rigs in the Southern Delaware Basin.Midland Basin Well Spacing Test:
In Andrews County, Diamondback recently conducted its first test of 500 foot inter-lateral spacing in the Lower Spraberry with encouraging results.Key Well Results:
In Ward County, Diamondback recently completed its first operated Wolfcamp A well with a 7,563 foot lateral. The…- ✓ Full news archive — U.S., Canada & international coverage
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