Diamondback energy says to exit 2020 operating seven drilling rigs

Diamondback energy, inc. provides revised 2020 guidance and updated hedge positions.diamondback energy inc - full year revised 2020 production guidance of 295.0 - 310.0 mboe/d.diamondback energy inc - full year revised 2020 oil production guidance of 183.0 - 193.0 mbo/d.diamondback energy inc - q4 2020 exit rate production guidance of 170.0 - 180.0 mbo/d (275.0 - 290.0 mboe/d).diamondback energy inc - full year 2020 capex guidance of $1.5 - $1.9 billion, including drill, complete and equip spend of $1.31 - $1.63 billion.diamondback energy- plans to exit q3 operating eight drilling rigs, exit 2020 operating seven drilling rigs, will cut further should conditions warrant.
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