E&Ps Diamondback, Parsley slash 2020 activity as oil price collapses

摘要

Houston—The first two of what could eventually be a horde of oil operators said on Monday they plan to slash activity after oil prices plunged, with cuts to capital budgets and output growth also possible. Diamondback Energy said it would reduce activity “immediately” to six completion crews from nine, drop two drilling rigs in April and a third later in the second quarter.