Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
2023 GUIDANCE HIGHLIGHTS
- Full year 2023 oil production guidance of 256 – 262 MBO/d (430 – 440 MBOE/d)
- Full year 2023 cash CAPEX guidance of $2.50 – $2.70 billion
- The Company expects to drill between 325 and 345 gross (293 – 311 net) wells and complete between 330 and 350 gross (297 – 315 net) wells with an average lateral length of approximately 10,500 feet in 2023
- Q1 2023 oil production guidance of 248 – 252 MBO/d (415 – 422 MBOE/d)
- Q1 2023 cash CAPEX guidance of $625 – $675 million
Oil & Gas Permits Download
Diamondback Well Permits Last 90 Days
Diamondback Well Permit Summary
Diamondback Energy News
Casing vs. Tubing: What Diamondback’s Earnings Call Reveals About Oilfield Cost Pressures
Casing is the main source of cost inflation for operators like Diamondback because it is heavily tied to steel prices ...
The Barnett Beneath the Midland: Why Ector County Is Emerging as the Next Layer of Permian Development
Diamondback Energy revealed that it has quietly built a large Barnett Shale drilling inventory beneath its Midland Basin acreage and ...
Midland County – Diamondback Pad Development Signals the Next Phase of Permian Factory Drilling
Diamondback’s Midland County permits show a clear factory-style drilling strategy, with 12 pads and 50 wells organized across multiple development ...
Diamondback Yellow Status in the Permian vs. What the Counties Show
Diamondback’s county-level activity confirms what management said on the call: the Permian is a disciplined manufacturing engine, not a basin ...
Diamondback Energy Heidelberg 30-31 Program: A Full-Section Spraberry Factory in Martin County
The Heidelberg 30-31 program in Martin County is a full-section Spraberry cube development executed as a true factory, with 24 ...
Manufacturing the Midland:How Diamondback Turns Tier 1 Permian Inventory into Repeatable Capital Efficiency
Diamondback’s Tier 1 Permian programs reflect section-scale factory development, concentrating 10–15 uniform horizontal wells per unit with dual-rig batch execution ...
Diamondback Energy – A Midland Basin Factory Model in Motion
Diamondback’s MERCHANT EAST development in Reagan County reflects a disciplined Midland Basin factory model, with standardized horizontal Spraberry wells drilled ...
A Wildcat a Grade A Permian Drilling Program — Diamondback Energy, Reagan County, Texas
Diamondback Energy executed a tightly concentrated, factory-style drilling program in Reagan County, combining single-section pad development, uniform horizontal well design, ...
Factory Development Has Evolved: Why the Permian Is Now a DSU-Level Game
Today, leading Midland Basin operators like Diamondback Energy are proving that factory development has entered a new phase. In the ...
