Operator · Permian Basin
Diamondback Energy, Inc.
80 articles mentioning Diamondback Energy, Inc. · Page 1 of 4
Diamondback Drill & Complete 456 Wells with $4 Billion Capex IN 2025
Diamondback provided the following 2025 gudiance. 2025 Guidance & Strategy: Production & CapEx: Oil Production: 485 – 498 MBO/d (883 – 909 MBOE/d total) CapEx: $3.8B – $4.2B Q1 Oil Guidance: 470 – 475 MBO/d Wells:...
Large Permian E&P Talks 1Q'24; 282 Wells Planned for 2024
Diamondback Energy provided an update to it's first quarter 2024. Let's first take a look at the development plan. The company program remains unchanged, and one can expect a more consistent development plan through the year....
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside
There are numerous reports speculating how much U.S. oil production will growth in 2024. Well we decided to take a look at the presentations, 4Q 2023 transcripts, press releases from the top E&Ps in the U.S....
Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig count by 2 rigs as expected at the...
Diamondback Sells Permian Acreage For $479 Million
Diamondback said in its 1Q23 earnings report that it Signed definitive agreements to divest ~19,000 net acres in Glasscock County and ~4,900 net acres in Ward and Winkler counties for total consideration of $439 million, subject...
Diamondback Seals Rattler Midstream Deal; Takes Company Private
Diamondback Energy, Inc. and Rattler Midstream LP announced the completion of the previously announced merger between Rattler and Diamondback. The merger resulted in Diamondback acquiring all of the limited partner interests in Rattler not already owned...
Diamondback Energy Second Quarter 2022 Results
Diamondback Energy, Inc. announced financial and operating results for the second quarter ended June 30, 2022. 2Q Highlights: Average production of 221.1 MBO/d (380.5 MBOE/d) Cash flow from operating activities of $1.7 billion; Operating Cash Flow...
Diamondback Energy First Quarter 2022 Results
Diamondback Energy, Inc. announced financial and operating results for the first quarter March 31, 2022. 1Q22 Highlights: Average production of 222.8 MBO/d (381.4 MBOE/d) Cash flow from operating activities of $1,252 million; Operating Cash Flow Before...
Permian E&P to Drill and Complete 270 Wells in 2022
Diamondback Energy Inc. detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $1.75 - $1.90 billion- up 23% vs. 2021 D&C: $1.56-1.67 billion Midstream: $80-100 million Infrastructure / Environmental: $110-130 million - Frac Crews:...
Diamondback Makes Several Executive Promotions; CEO Stice Named Chairman
Diamondback Energy, Inc. announced a series of leadership appointments and promotions, effective immediately. Travis Stice will assume the role of Chairman of the Board of Directors of Diamondback and will remain in his current role as...
Diamondback Energy Fourth Quarter, Full Year 2021 Results
Diamondback Energy, Inc. announced financial and operating results for the fourth quarter and full year ended December 31, 2021. 4Q21 Highlights: Average production of 226.3 MBO/d (387.1 MBOE/d) Permian Basin production of 224.4 MBO/d (383.5 MBOE/d)...
An Early Look at 2022: E&P Budget, Drilling & Completion Plans
Several operators gave a sneak peek of their 2022 capital plans in their Q3 reports. Below is a summary of what the E&Ps are planning for next year. Capital budgets are set to increase and, with...
Diamondback's Chief Engineer to Retire; Two Execs Promoted to Fill Role
Diamondback Energy, Inc. has announced a series of leadership changes. Russell Pantermuehl, currently Executive Vice President and Chief Engineer, will retire from his current role at the end of 2021 after having worked at Diamondback since...
Diamondback Energy Third Quarter 2021 Results
Diamondback Energy Inc. reported its Q3 2021 results. Highlights: Q3 2021 average production of 239.8 MBO/d (404.3 MBOE/d) Q3 2021 Permian Basin production of 223.0 MBO/d (374.3 MBOE/d) Q3 2021 cash flow from operating activities of...
Oasis Wraps Up Deal for Williston Assets; Borrowing Base Jumps to $900MM
Oasis Petroleum Inc. has completed the previously announced strategic acquisition of Williston Basin assets from Diamondback Energy. Borrowing Base Increased Over 100% Oasis also announced the lenders under its senior secured revolving credit facility completed their...
U.S. E&P Companies Continue to Consolidate; Oasis, Chesapeake, Laredo, PVA, & More
A big trend for 2021 sees E&Ps expanding their asset portfolios in core areas, while simultaneously discarding their positions in non-core plays. Companies such as Whiting, Chesapeake, Oasis, Laredo, and numerous others have struck deals recently...
Diamondback Energy Second Quarter 2021 Results
Diamondback Energy, Inc. reported its Q2 2021 results. Q2 Highlights: Q2 2021 average production of 242.5 MBO/d (401.5 MBOE/d) Generated Q2 2021 cash flow from operating activities of $954 million; Operating Cash Flow Before Working Capital...
Diamondback Energy First Quarter 2021 Results
Diamondback Energy, Inc. reported its Q1 2021 results. Q1 Highlights: Previously announced Q1 2021 average production of 184.2 MBO/d (307.4 MBOE/d) Generated Q1 2021 cash flow from operating activities of $624 million. Operating Cash Flow Before...
Large Permian E&P Plans to Frac/Complete 250 Wells in 2021
Diamondback Energy, Inc. provided an operational update for the first quarter of 2021 and announced revised full year 2021 guidance. Increases 2021 Guidance Diamondback today announced revised 2021 production, capital and operating guidance. This guidance has...
Diamondback Seals $2.2B Merger of QEP Resources
Diamondback Energy, Inc. has finalized its acquisition of QEP Resources Inc. in an all-stock deal valued at $2.2 billion. This comes after one of QEP's stakeholders, Glazer Capital LLC, voiced opposition to the deal over the...