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Stock impact report

Diamondback Energy, Inc. Announces First Quarter 2017 Financial and Operating Results

Diamondback Energy, Inc. (FANG) 
Last diamondback energy, inc. earnings: 2/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.diamondbackenergy.com
Company Research Source: GlobeNewswire
MIDLAND, Texas, May 02, 2017 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2017. HIGHLIGHTS Q1 2017 production of 61.6 Mboe/d (75% oil), up 19% over Q4 2016 with 13% quarterly organic growthQ1 2017 cash operating costs of $9.31/boe, including LOE of $4.80/boe and cash G&A of $1.20/boeEstimated Q1 2017 Midland Basin drill, complete and equip cost per completed lateral foot of $622, down 5% quarter over quarterOperating eight horizontal rigs and three dedicated frac crewsClosed Brigham Resources acquisition on February 28th for $2.55 billion, increasing Diamondback's total leasehold to approximately 189,000 net surface acres in the Permian BasinFirst ReWard Wolfcamp A well commenced with peak 15-day flowing 2-stream initial production ("IP") rate of 210 boe/d per 1,000' (88% oil)Two Lower Wolfcamp A completions on recently acquired acreage with average Show less Read more
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