Midland-based Diamondback Energy said last week it increased its 2024 net production guidance to 587,000 to 590,000 boed from its previous guidance of 462,000 to 470,000 boed after its acquisition of Endeavor, which was completed in September. That includes guidance of 335,000 to 337,000 b/d of oil (up from 273,000 to 276,000).
During third quarter Diamondback drilled 71 gross wells in Midland Basin and 5 gross wells in Delaware Basin. The company turned 87 operated wells to production in Midland Basin and 8 gross wells to production in Delaware Basin with average lateral length of 12,238 feet.
Diamondback said Nov. 4 capital budget for 2024 now is $2.875 billion to $3.0 billion (up from previous guidance of $2.35 billion to $$2.45 billion).