In an operational update for first quarter 2025, Midland-based Diamondback Energy said it is “closely monitoring the macro environment and is actively reviewing its operating plan for the remainder of 2025.” First quarter production was 475,944 barrels of oil per day (850,656 boed). The company’s announcement April 16 added, “Should low commodity prices persist or worsen, Diamondback has the flexibility to reduce activity to maximize free cash flow generation.”
Diamondback said it can further lower its breakeven oil price through capital and operating cost reductions.
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