Diamondback Energy (FANG) Provides Supplemental Operational Update

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Go back to Diamondback Energy (FANG) Provides Supplemental Operational Update

Diamondback Provides Supplemental Operational Update

March 19, 2020 6:00 AM EDT

MIDLAND, Texas, March 19, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided an update to the operational press release it issued on March 9, 2020, as well as an update to the Companys 2020 and 2021 oil hedge positions.

Following last week's release, Diamondback has reduced activity further, including a minimum one-month break for all completion crews operating for the Company. After that break, the Company expects to judiciously reactivate crews and run between three and five completion crews, down from nine crews, for the rest of 2020 dependent upon future... More