Diamondback Energy Revises Q3 Production And Capital Guidance Following Endeavor Merger; Expects Oil Production Of 319-321 MBO/D And Cash CAPEX Of $675M-$700M
Portfolio Pulse from Benzinga Newsdesk
Diamondback Energy has updated its Q3 production and capital expenditure guidance following its merger with Endeavor. The company expects oil production to be between 319-321 MBO/D and cash CAPEX to range from $675 million to $700 million.
October 01, 2024 | 8:02 pm
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Diamondback Energy has revised its Q3 production and capital expenditure guidance following its merger with Endeavor. The company anticipates oil production of 319-321 MBO/D and cash CAPEX of $675M-$700M.
The merger with Endeavor is a significant event for Diamondback Energy, likely leading to increased production and capital expenditure. This positive outlook on production and CAPEX suggests potential growth, which could positively impact the stock price in the short term.
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