Diamondback energy inc sees q2 2020 average production of 176.3 mbo/d (294.1 mboe/d)

Diamondback energy, inc. provides second quarter update and announces revised 2020 guidance.diamondback energy, inc. provides q2 update and announces revised 2020 guidance.diamondback energy inc - q2 2020 average production of 176.3 mbo/d (294.1 mboe/d).diamondback energy inc - q2 2020 average realized hedged prices of $35.21 per barrel of oil.diamondback energy inc - q2 2020 cash capex of $562 million. q2 2020 activity-based capex incurred of approximately $348 million.diamondback energy inc - sees full year 2020 cash capex guidance of $1.8 - $1.9 billion.diamondback energy inc - sees q4 2020 production guidance of 170 - 175 mbo/d (280 - 290 mboe/d).diamondback energy inc - q2 2020 average realized hedged prices of $7.17 per barrel of natural gas liquids and $0.33 per mcf of natural gas.diamondback energy inc - sees full year revised 2020 oil production guidance of 178 - 182 mbo/d.diamondback energy inc - sees full year revised 2020 production guidance of 290 - 305 mboe/d.diamondback energy - believes it can maintain q4 2020 oil production through full year 2021 with a capital budget 25% - 35% less than 2020's capital budget.diamondback energy - q2 average unhedged realized prices of $21.99 per barrel of oil, $7.17 per barrel of natural gas liquids.diamondback energy inc - plans to operate between five & six operated drilling rigs and between three and four completion crews for remainder of 2020.
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