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
Diamondback Energy: Acquisition Synergies Drive Growth and Record-Low Breakeven Costs
Diamondback Energy's acquisition of Endeavor has lowered its corporate breakeven to $37 per barrel, among the industry's lowest ...
Understanding First and Second Quartile Inventory in Oil and Gas: A Deep Dive into Diamondback Energy’s Strategy
In the competitive world of oil and gas exploration, companies like Diamondback Energy are constantly evaluating and optimizing their drilling ...
Diamondback Energy: Drilling Rigs and Emerging Trends in 2024
The oil and gas industry thrives on innovation, efficiency, and strategic resource management, especially in prolific basins like the Permian ...
Diamondback Energy’s Vision for Data Centers: Powering the Future with Oklo’s Aurora Powerhouse Units
Diamondback Energy’s bold plan to integrate data centers and Oklo’s Aurora Powerhouse units into its operations is a testament to ...
Diamondback Energy’s Latest Innovations in Oil Production: Drilling Rigs, Clear Fluid Drilling, SimulFrac Completions, and the Path Ahead
Diamondback Energy, a leading name in oil and gas, recently shared exciting developments in its Q3 2024 report. Their approach ...
Diamondback: Analysis of Wells and Air Permits Data for Block 37T1N
Development in Block 37T1N is progressing slowly, with only 11 of 51 wells spudded, likely due to a phased strategy ...
Diamondback Energy, Inc. Closes Merger with Endeavor Energy Resources, L.P.
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced that it has closed its merger with Endeavor Energy Resources, L.P. (“Endeavor”) ...
Diamondback Energy Q3 2024 EPS Estimate Raised Amid Strong Financial Performance
In a recent research note, Zacks Research has revised its earnings per share (EPS) estimate for Diamondback Energy, Inc. (NASDAQ: ...
Diamondback Energy subsidiary to consider developing Innovative Gas-to-Gasoline Plant Set to Transform Natural Gas Utilization in Texas
iamondback is exploring opportunities to create local markets, such as the Verde gas-to-gasoline plant, to avoid selling gas at low ...
