Diamondback Energy (FANG) Provides Q2 Update and Announces Revised 2020 Guidance
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Diamondback Energy, Inc. Provides Second Quarter Update and Announces Revised 2020 Guidance
July 14, 2020 4:01 PM EDTMIDLAND, Texas, July 14, 2020 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today provided an operational update for the second quarter of 2020 and announced revised full year 2020 guidance.
SECOND QUARTER 2020 UPDATE
Q2 2020 average production of 176.3 MBO/d (294.1 MBOE/d). After voluntarily curtailing 9.0 MBO/d (16.1 MBOE/d) of total Q2 2020 production, primarily in May, Diamondback elected to return this curtailed production in June, with nearly all curtailed production back online todayQ2 2020 average realized hedged prices of $35.21 per barrel of oil, $7.17 per... More