Diamondback Energy raises 2014 production guidance

Diamondback Energy (FANG) reports Q1 production increased 30% Q/Q to 13.6M boe/day, with a quarter-end exit rate in excess of 16M boe/day.

FANG raises its FY 2014 production guidance to 16M-18M boe/day from 15M-16M boe/day, reflecting 132% production growth Y/Y at the midpoint of the estimated range.

Says early indications from its Mabee Breedlove 22-1H in Martin County appear better than industry offset wells by more than 25%.

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Comments (1)
  • 2puttwo
    , contributor
    Comments (656) | Send Message
    This is a great stock. I wish I bought twice as much.
    10 Apr 2014, 05:05 PM Reply Like
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