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
Technology & AI: Diamondback Automating the Basics
Van’t Hof emphasized that the first wave of AI adoption is about automation—saving time and eliminating repetitive tasks. For a ...
Diamondback Integrates Double Eagle Acreage with New Reagan County Development Push
Diamondback Energy is moving quickly to integrate its recently acquired Double Eagle IV assets, with new regulatory filings and well ...
Diamondback Energy Reshapes Midland Basin Portfolio with Dual Water and Midstream Moves
Diamondback Energy announced two major Midland Basin transactions today: the $750M sale of Environmental Disposal Systems to Deep Blue, nearly ...
Diamondback Energy’s Strong Q2 2025 Results Backed by High-Performance Drilling and Infrastructure Expansion
Diamondback Energy’s 2025 momentum reflects disciplined execution, with strong cash generation, aggressive capital returns, and strategic infrastructure investment. As drilling ...
Top 5 Diamondback Energy Trends to Watch in Late 2025
As Diamondback Energy heads into the second half of 2025, the company stands at the intersection of consolidation, capital discipline, ...
Diamondback Energy’s Strategy Shift:Q12025 decline of 150 well permits
Volatility in commodity markets isn’t just a headline—it shows up in real-world decisions, drilling schedules, and permitting activity. A clear ...
Diamondback Energy Q1 Drilling Activity: Strategic Discipline Amid Volatility
Diamondback Energy's Q1 2025 report signaled a clear shift in drilling strategy as the company responded to oil price volatility ...
2024: A Transformational Year for Diamondback Energy
In 2024, Diamondback Energy, Inc. solidified its position as a leading independent oil and gas producer, achieving record financial performance, ...
Diamondback Energy, Inc. Announces Closing of Double Eagle Acquisition
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has entered into a definitive purchase agreement to ...
