Operator · Permian Basin
Diamondback Energy, Inc.
80 articles mentioning Diamondback Energy, Inc. · Page 3 of 4
Diamondback's President / COO Resigns
Diamondback Energy's President & COO Michael Hollis has resigned, according to a recent filing with the SEC. Hollis served as COO since 2015 and took over the role of president in January 2017. No other details...
Diamondback Energy Reports Q2 2019 Results
Diamondback Energy, Inc. reported its Q2 2019 results. Highlights: Updated 2019 CAPEX guidance of $2.725 - $2.950 billion, narrowed from $2.7 - $3.0 billion previously; expect to complete between 300 and 320 operated horizontal wells, up...
Diamondback's Drilling Up 41% YOY; Focuses on Cutting Costs Post-Merger
Diamondback Energy, Inc. reported its Q1 2019 results. Here are the highlights from its report and presentation. Q1 Summary - Q1 D&C Spend: Diamondback spent $533 million during Q1 - this is down -31% from the...
Diamondback Details Several New Management Changes
Diamondback Energy, Inc. has announced a series of leadership appointments and promotions, effective March 1, 2019. Kaes Van't Hof, currently Senior Vice President of Strategy and Corporate Development, has been appointed Chief Financial Officer and Executive...
2019 Capex / Production Comparison YOY: Permian Basin
As E&Ps begin to release 2019 operating plans, Shale Experts is taking a look at how the spending and production is changing YOY. We looked at major operators in the Permian Basin below. *Several companies have...
Diamondback Talks 2019 Capex Post-Energen Takeover; YOY Comparison, Rigs, Wells, Capex
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...
Diamondback Finalizes $9.2B Acquisition of Energen
Diamondback Energy has completed its $9.2B all-stock acquisition of Energen Corp. Click here to access the deal in Shale Experts' M&A Database The merger was previously approved by Diamondback stockholders and Energen shareholders at special meetings...
Diamondback Adds 14th Rig to Fleet; Talks Latest Well IPs
Diamondback Energy reported its Q3 2018 results. - Q3 production of 123 MBOEPD - up 9% from 2Q18 and up +45% YOY Increasing full year 2018 production guidance range to 118.5 119.5 Mboe/d, up 2% from...
Diamondback Adds 13th Rig as Longer Laterals Pay Off; Talks New 'Limelight' Project
Diamondback Energy reported its Q2 2018 results. Earlier this month, Diamondback inked a $9.2 billion acquisition of Permian-focused Energen. Upping Rig Count to 13 Diamondback plans to add its 12th and 13th operating rigs to development...
Diamondback Joins Apache and Noble on EPIC Pipeline
EPIC Midstream today annouced that Diamondback Energy has signed on as a shipper on the EPIC Crude Oil Pipeline. Diamondback will have 50 thousand barrels of oil per day (MBbl/d) of capacity on the EPIC Crude...
Permian Operator Secures 80,000 Bo/d Transport Capacity
Diamondback Energy provided an update to its oil takeaway strategy in a presentation posted on 6.19.2018. The company is targeting 83,000 gross bo/d , 70% of which will be exposed to Gulf pricing at a fixed...
Diamondback Sees 67% Output Growth YOY; Talks Latest Midland, Delaware Basin IPs
Diamondback Energy reported its Q1 2018 results including drilling activity, production and well results in the Permian Basin (Midland Basin / Delaware Basin) including the Wolfcamp, Spraberry and Bone Spring plays.
Diamondback's Production Jumps 10% in Q1 to 102.6 MBOEPD
Diamondback announced Q1 2018 production. The company logged 102.6 Mboe/d (75.6 Mbo/d; 74% oil) in Q1 production, an increase of over 10% from Q4 2017 average daily production of 92.9 Mboe/d. Diamondback is currently running eleven...
Diamondback Bolsters 2018 Budget +60%; Upping Rig Count to 12
Diamondback has reported its 2018 guidance and full year 2017 results. 2018 Plans - 2018 Capex: $1.3-1.5 billion (up +60% from $875 (midpoint) spent in 2017) D/C/E: $1.175-1.325 billion Infrastructure: $125-175 million - 2018 Production Guidance:...
Energen, Resolute Lead the Pack; Drilling the Best Southern Delaware Basin Wells
Now that Q3 2017 has come to an end, we are taking a closer look at activity in the Southern Delaware Basin as well as 2018 expectations. The map below represents companies who are exploring and...
Permian E&P Growing Rig Count; Adding 10th Rig in December 2017
Diamondback reported its Q3 2017 results. Highlights include: Q3 2017 production of 85.0 Mboe/d (73% oil), up 10% over Q2 2017 Drilled 42 gross horizontal wells and turned 24 operated horizontal wells to production in Q3....
Diamondback Sees 10% Production Jump in Q3; 85 MBOEPD
Diamondback reported Q3 2017 producftion of 85 MBOEPD, up 10% from Q2. Also, its subsidiary Viper Energy Partners announced Q3 2017 production volumes of 12.6 Mboe/d (8.6 Mbo/d; 68% oil), an increase of approximately 20% from...
Diamondback Culls 2017 Capex by $50MM; Output Up 109% YOY to 77 MBOEPD
Diamondback Energy released its Q2 17 financial and operational update. Highlights include:- Q2 2017 production was 77.0 Mboe/d (75% oil), up 109% YOY, and up 25% from Q1 2017 - Lowering full year 2017 CAPEX guidance...
Diamondback Signs Proppant Supply Agreement with Black Mountain Sand
Black Mountain Sand LLC, one of the first movers in the Permian sand rush, signed a supply contract with Diamondback. The company has dedicated a significant portion of its 40/70 and 100 mesh capacity to Diamondback...
Diamondback to Shuffle Rig Fleets in Near-Term; Five Midland, Three S. Delaware
Diamondback released its Q1 2017 results and highlights from its presentation / report include: