effciency

Diamondback Glides Oil Production Slightly Higher, Even as Efficiencies Send Rig Count Lower

Diamondback Glides Oil Production Slightly Higher, Even as Efficiencies Send Rig Count Lower

Drilling efficiencies are giving Diamondback Energy Inc. a leg up to reduce spending, drop rigs and crews, but oil output is set to bump higher through the end of the year, according to CEO Travis D. Stice. During the recent second quarter conference call, Stice said the Midland, TX-based independent had decreased drill times from…

August 11, 2021