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
Diamondback to boost oil production while cutting Permian drilling rigs following Endeavor megadeal
Diamondback Energy Inc. will borrow a page from the shale-consolidation playbook by cutting drilling rigs after its acquisition of competitor ...
U.S. shale drillers to reduce Permian drilling emissions, increase reliability with nuclear reactors
U.S. oil and gas companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s ...
Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results
During the fourth quarter of 2023, Diamondback drilled 80 gross wells in the Midland Basin and four gross wells in the Delaware Basin ...
Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) and Endeavor Energy Resources, L.P. (“Endeavor”), today announced that they have entered into a ...
Diamondback Energy, Inc. Announces Q3 2023 Financial and Operating Results
During the third quarter of 2023, Diamondback drilled 79 gross wells in the Midland Basin and seven gross wells in ...
Diamondback Energy, Inc. and Five Point Energy LLC Form Deep Blue Midland Basin LLC
Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback") and Five Point Energy LLC (“Five Point”) announced today the formation of a new ...
Diamondback Energy, Inc. Second Quarter 2023 Operating Results
During the second quarter of 2023, Diamondback drilled 86 gross wells in the Midland Basin and 12 gross wells in ...
Diamondback Seeks Buyers For Permian Assets
Diamondback is actively working with a financial adviser to find buyers for non-core assets in the western Permian ...
Diamondback Energy 2023 GUIDANCE HIGHLIGHTS
Diamondback Company expects to drill between 325 and 345 gross (293 - 311 net) wells and complete between 330 and ...