Operator · Permian Basin
Diamondback Energy, Inc.
80 articles mentioning Diamondback Energy, Inc. · Page 2 of 4
PE Firm Speaks Out Against Diamondback Deal; Other Firms Reaffirm Support
QEP Resources shareholder Glazer Capital LLC is calling for the rejection of the pending merger acquisition of QEP by Diamondback Energy. The $2.2 billion, all-stock merger deal was originally struck in December 2020 and is currently...
Diamondback Wraps Up Acquisition of Midland-Focused Guidon
Diamondback Energy, Inc. has completed its previously announced acquisition of leasehold interests and related oil and gas assets from Guidon Operating LLC, a portfolio company of Blackstone Energy Partners. Aggregate consideration consisted of $375 million in...
Diamondback Accelerating Completions 32% for 2021; Capex Set at $1.45B
Diamondback Energy, Inc. reported its 2021 capital plan as well as its Q4/full year 2020 results. 2021 Plan - Capex: $1.35-1.55 billion - down 22% at the midpoint from 2020 spending D,C&E: $1.07-1.21 billion Non-Op /...
Diamondback Energy Third Quarter 2020 Results
Diamondback Energy, Inc. announced financial and operating results for the third quarter ended September 30, 2020. Q3 Highlights: Q3 2020 average oil production of 170.0 MBO/d - down 9% YOY and down 4% from 2Q20 Q3...
Diamondback Plans 30% Spending Cut for 2021, Flat Output; Gives 2H20 Update
Diamondback Energy Inc. reported an update for the third quarter of 2020 as well as a glimpse of its plans for 2021. 2021 Plans CEO Travis Stice noted that for 2021 the company plans to spend...
Diamondback Energy Second Quarter 2020 Results
Diamondback Energy Inc. reported its Q2 2020 results. Q2 2020 Highlights: Generated second quarter cash flow from operating activities of $324 million. Operating Cash Flow Before Working Capital Changes was $390 million Q2 2020 cash operating...
Permian E&P Increasing Capex and Ramping Up Frac Crews
In its pre-Q2 release, Diamondback Energy outlined a few things worth mentioning. The company revised its 2020 capex, drilling & completion program. The new program calls for one additional frac crew and $150 million additional spending....
Diamondback's Curtailments Back Online; Cuts 2020 Rig, Production Outlook
Diamondback Energy Inc. has provided an Q2 2020 update and announced revised full year 2020 guidance. Nearly all curtailed production is back online for Diamondback as of today, according to its update. Production Update: Q2 Output,...
Insider Sell/Buy: Harold Hamm Buys $57 Million in Stock; Diamondback, Extraction
This week in our popular insider buys and sells. Harold Hamm from Continental Resources spent $57 million to purchase 3.4 million shares. CEO Chazen also purchased 50k shares of Magnolia. Diamondback Energy CFO purchased 1,800 shares...
Diamondback Subsidiary Energen Launches $400MM Debt Exchange
Diamondback Energy Inc. subsidiary Energen Corp. has commenced a cash tender offer to purchase any and all of Energen's 4.625% Senior Notes due 2021. As of May 15, 2020, Energen had $400 million aggregate principal amount...
Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in June
As operators continue to adjust their 2020 plans to combat market woes, we are taking a look at all the E&Ps who have announced that they will be curtailing production. Most of the curtailments have been...
Impairments MONITOR : Devon, Concho, Centennial, Southwestern, Parsley, Diamondback
We are tracking impairment charges by company. Latest in Impairments
Diamondback Reports First Quarter 2020 Results
Diamondback Energy, Inc. reported its Q1 2020 results. Q1 Highlights Q1 2020 average production of 201.4 MBO/d (321.1 MBOE/d), with average oil production up 3% over Q4 2019 and up 12% over Q1 2019 Q1 2020...
Diamondback Energy Adds to Board
Diamondback Energy, Inc. has increased the size of Diamondback's Board of Directors to eight members, adding Stephanie K. Mains and Vincent K. Brooks as independent directors. About Mains Stephanie Mains has over 30 years of experience...
Diamondback Updates 2020 Plan; Well Plans Down 44%, Lower Oil Output
Diamondback Energy, Inc. provided revised full year 2020 guidance and updated hedge positions. 2020 Spending - Full year 2020 CAPEX guidance of $1.5 - $1.9 billion DC&E spend of $1.31 - $1.63 billion Midstream spend of...
Permian E&P Axing Rig Count by 50%; Lowers 2020 Capex by $1.2B
Diamondback Energy Inc. has updated its 2020 capital plan as well as detailed changes to its 2020 and 2021 oil hedge positions. 2020 Changes - Reducing its 2020 capex by $1.2 billion at the midpoint to...
Permian E&P Responds to $30 WTI; Cutting Three Frac Crews, Three Rigs
Diamondback Energy Inc. is wasting no time responding to the low commodity prices. The company is reducing activity immediately from nine completion crews to six and expects to drop two drilling rigs in April 2020 and...
Diamondback Keeping Capex Flat at $2.9B for 2020; Production Growth of 12%
Diamondback Energy Inc. reported an update to its 2020 capital plan. The company also announced financial and operating results for the fourth quarter and full year ended December 31, 2019 (available below 2020 capex). 2020 Plans...
Diamondback's Production Jumps 27% in 2019; Gets 26% Oilier YOY
Diamondback Energy, Inc. reported its production levels for Q4 and full year 2019. Gets 26% Oilier in 2019; Total Output Up 27% Full Year 2019 Production: Average daily production for the full year 2019 was 283.0...
Diamondback Energy Details 2020 Plans, Q3 2019 Results
Diamondback Energy, Inc. announced financial and operating results for the third quarter ended September 30, 2019 and announced 2020 capital and production guidance. 2020 Capital Plan - Similar to 2019 Full year 2020 production guidance of...