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
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Diamondback Energy News
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 ...
Diamondback Energy — Top 5 Priorities for 2026
Diamondback five top priorities shaping Diamondback’s 2026 game plan, and why they matter not just for investors, but for service ...
Devon Energy’s Record-Breaking Eddy County Lease Buy Signals a New Chapter for the Permian in 2026
Devon Energy’s $79 million acquisition of federal oil and gas leases in New Mexico’s Eddy County marks a defining moment ...
Why Diamondback’s 2025 drilling “Co-Developing” the Permian Is Quietly Changing the Economics of Shale
In the Permian Basin, Diamondback’s conversation has shifted. The next advantage isn’t about drilling faster or chasing the hottest single ...
What Devon Energy Said About Oklahoma: Why the Anadarko Basin Is Back on the Radar
Devon Energy emphasized that Oklahoma’s Anadarko Basin has clear structural advantages, particularly its gas positioning and freedom from Waha-style takeaway ...
Permian Update: Diamondback’s 2026 Game Plan Revealed
Diamondback Energy’s Q3 2025 commentary delivered one of the clearest signals yet about where the Permian is heading—and who is ...
