Diamondback Energy produced 475.9 MBO/d or 883.4 MBOE/d in Q4

“For the quarter, Diamondback produced 475.9 MBO/d or 883.4 MBOE/d, above the high end of the guidance range of 470 – 475 MBO/d or 840 – 850 MBOE/d . Well performance continued to impress with strong results in our Sale and Robertson Ranch areas and on the recently acquired TRP acreage in Upton County. Capital expenditures were $933 million, below the low end of our guidance range of $950 million to $1.05 billion. This beat was primarily driven by Midland Basin well costs continuing to move lower, settling below our stated fourth quarter $600 per lateral foot estimate,” said the company in its release.