Diamondback energy expects to drop two drilling rigs in april 2020 and a third in q2

Diamondback energy inc - reducing activity immediately from nine completion crews to six.diamondback energy inc - reducing activity immediately from nine completion crews to six.diamondback energy inc - expects to drop two drilling rigs in april 2020 and a third later in q2 of 2020.diamondback energy inc - expects to drop activity to two drilling rigs in april 2020 and a third later in q2 of 2020.diamondback energy inc - provided an operational update given recent commodity price volatility.diamondback energy inc - releasing two completion crews as result of recent and expected oil price weakness.diamondback energy inc - will reduce its capital budget for year.diamondback energy inc - will reduce its capital budget for year.diamondback energy - already dropped one completion crew as part of its original 2020 plan.diamondback energy inc - is now releasing two more completion crews as a result of recent and expected oil price weakness.diamondback energy inc - drill, complete and equip spend for 2020 expected to decrease through lower completed well count and lower expected well costs.diamondback energy inc - corresponding infrastructure and midstream capital budgets are expected to decrease as well.diamondback energy inc - "decided to wait for higher commodity prices to return to growth".
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