Top Permian Producer Adds Rigs as Oil Rally Holds

Diamondback sees Permian rig surge as oil prices spike on Iran war (FANG:NASDAQ)

Diamondback Energy (FANG) sees Permian drilling rebound as Iran conflict lifts oil prices; up to 30 more rigs by year-end.

Diamondback Sees 10% More Permian Oil Rigs by Year-End as War Boosts Prices

(Bloomberg) — Diamondback Energy Inc., one of the biggest US shale producers, predicts that drillers will add as many as 30 rigs to America’s most prolific oil field by the end of the year as the Iran war sends crude prices soaring.

Top Permian Producer Adds Rigs as Oil Rally Holds

Diamondback Energy, one of the biggest pure-play Permian Basin producers in West Texas, said Monday it is immediately boosting oil output in response to the ongoing price rally driven by the Iran war — making it the first major shale operator to openly break from the capital-discipline playbook that has defined the sector since 2022. In a letter to shareholders on Monday, CEO Kaes Van't Hof announced the company averaged 521,000 barrels of oil p…

Top U.S. oil producer declares “green” light on drilling for more oil amid Iran war

A top oil and gas producer in West Texas’ booming Permian Basin declared a “green” light for the reluctant U.S. energy sector to start churning out more volumes amid the ongoing Iran war and sky-high crude prices. Midland, Texas-based Diamondback Energy—the third-largest Permian player after Exxon Mobil and Chevron—said it is adding both fracking (hydraulic fracturing) crews and drilling rigs to West Texas. Large oil producers have hesitated to …

Diamondback Lifting Shale Oil Output Immediately on Rally

Permian tested as global oil shock deepens

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