Recent events
Recent events tied to this brand in public sources.
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2021
Oasis Petroleum completes acquisition of Williston Basin assets
Oasis Petroleum announced that it completed its previously announced strategic acquisition of Williston Basin assets from Diamondback Energy. The cash payment at closing was $511.3 million, net of the deposit and purchase-price adjustments.
2021
Diamondback raises 2021 production guidance
Diamondback Energy raised its 2021 production guidance, targeting oil production of 218,000–222,000 barrels per day, compared with its previous target of 178,000–185,000 barrels per day.
2020
Diamondback Energy cuts its 2020 drilling budget
Diamondback Energy cut $1.2 billion from its 2020 capital budget, saying it planned to spend between $1.5 billion and $1.9 billion on drilling and completing new wells, with further cuts possible if oil prices continued to fall.
2020
Diamondback immediately reduces drilling activity
Diamondback Energy said it immediately reduced drilling activity and would operate fewer rigs in response to oil-price weakness; it also said it would cut completion crews from nine to six.