DIAMONDBACK ENERGY, INC. PROVIDES REVISED 2020 GUIDANCE AND UPDATED HEDGE POSITIONS
Diamondback Energy, Inc. (FANG)
Last diamondback energy, inc. earnings: 2/18 04:01 pm
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US:NASDAQ Investor Relations:
ir.diamondbackenergy.com
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Source: GlobeNewswire
MIDLAND, Texas, March 31, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided revised full year 2020 guidance and updated hedge positions. REVISED 2020 GUIDANCE HIGHLIGHTS Full year revised 2020 production guidance of 295.0 - 310.0 MBOE/dFull year revised 2020 oil production guidance of 183.0 - 193.0 MBO/dQ4 2020 exit rate production guidance of 170.0 – 180.0 MBO/d (275.0 – 290.0 MBOE/d)Full year 2020 CAPEX guidance of $1.5 - $1.9 billion, including drill, complete and equip ("D,C&E") spend of $1.31 - $1.63 billion, $100 - $150 million of midstream capital and $90 - $120 million of infrastructure capitalThe Company plans to exit the third quarter of 2020 operating eight drilling rigs, and exit 2020 operating seven drilling rigs, and will cut further should conditions warrant After returning from a one to three month frac holiday, the Company plans to operate between three and five completion crews, and complete between
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- 11/4/24 - Miss
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- 12/17/24 - Form 4
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- 12/13/24 - Form 144
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