Diamondback

Diamondback’s Curtailed Permian Oil Volumes Ramping Up, with Some Completion Crews Back to Work

Diamondback’s Curtailed Permian Oil Volumes Ramping Up, with Some Completion Crews Back to Work

Permian Basin pure-play Diamondback Energy Inc., which undertook a nearly three-month break from completion activity and shut-in wells as Covid-19 stormed the oilpatch, has brought back online nearly all of the volumes, but it has set full-year production guidance lower. The Midland, TX-based independent voluntarily curtailed 9,000 b/d (16,100 boe/d) during 2Q2020, mostly in May,…

July 15, 2020
Permian-Focused Shut-ins Mount, as Oxy, Region’s E&Ps Slice Completions, Production

Permian-Focused Shut-ins Mount, as Oxy, Region’s E&Ps Slice Completions, Production

Stung by the untimely and expensive takeover of Anadarko Petroleum Corp. in 2019, debt-laden Occidental Petroleum Corp. (Oxy) is working to right itself after taking a battering in the first three months, joining other Permian Basin-heavy operators in reducing activity in reaction to plummeting demand.

May 6, 2020
Oil Prices, Pandemic Crash Ending in Multi-Company Pile-Up Across North America’s Energy Sector

Oil Prices, Pandemic Crash Ending in Multi-Company Pile-Up Across North America’s Energy Sector

Covid-19 is continuing to cast its dark shadow across the energy sector, as more layoffs are announced and further reductions to capital spending marred the end to the first quarter.

March 31, 2020
Oil Prices, Pandemic Crash Ending in Multi-Company Pile-Up Across North America’s Energy Sector

Oil Prices, Pandemic Crash Ending in Multi-Company Pile-Up Across North America’s Energy Sector

Covid-19 is continuing to cast its dark shadow across the energy sector, as more layoffs are announced and further reductions to capital spending marred the end to the first quarter.

March 31, 2020

Permian Player Diamondback Posts 65% Output Growth Following Energen Acquisition

Following its $9.2 billion acquisition of Energen Corp. in 2018, Permian Basin pure-play Diamondback Energy Inc. reported a 65% year/year (y/y) increase in oil and gas production to 301,300 boe/d during the fourth quarter.

January 7, 2020

Viper’s Permian Acquisitions Backstop Diamondback Production Growth

Viper Energy Partners LP, which is working to consolidate fragmented property in the Permian Basin, expects its oil-weighted third quarter output to increase about 9% sequentially.

October 8, 2019

Viper’s Santa Elena Deal Expands Diamondback’s Permian Exposure

Permian Basin-focused Viper Energy Partners LP agreed Monday to buy Santa Elena Minerals LP in an all-equity transaction to gain 1,358 net acres in West Texas that would give parent Diamondback Energy Inc. a more contiguous leasehold in the Permian Basin.

September 17, 2019
Viper’s Permian Output, Acreage Expands with Diamondback Drop-Down

Viper’s Permian Output, Acreage Expands with Diamondback Drop-Down

Viper Energy Partners LP, a subsidiary of Diamondback Energy Inc., expects to increase 2019 production by 26% year/year to 21,500-22,000 boe/d as activity accelerates in the Permian Basin.

August 1, 2019

Diamondback Spinning Off Permian Midstream Unit

Permian Basin pure-play Diamondback Energy Inc. on Monday launched an initial public offering of its midstream unit, which provides oil, natural gas and water-related services.

May 14, 2019

Diamondback Lowers Production Guidance on Sale of Permian Assets

Permian Basin pure-play Diamondback Energy Inc. plans to sell some assets acquired from its merger with Energen Corp. last year for $322 million, as production surged and synergies from the merger continued into the first quarter.

May 9, 2019
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