Diamondback Expecting to Beat '15 Production Guidance, Plans 2-3 Rig Program in Permian

摘要

Permian Basin pure-play operator Diamondback Energy Inc. said it appears to have eclipsed its 2015 production guidance, thanks in part to strong production in the fourth quarter, and it now plans to spend $280-375 million for a two- or three-rig drilling program in 2016. Meanwhile, the Midland, TX-based company said it plans to raise about $226 million from selling four million shares of common stock, which initially would be used to pay down debt.