Diamondback Glides Oil Production Slightly Higher, Even as Efciencies Send Rig Count Lower

摘要

Drilling efciencies are giving Dia- mondback Energy Inc. a leg up to reduce spending, drop rigs and crews, but oil output is set to bump higher through the end of the year, according to CEO Travis D. Stice. During the recent second quarter con- ference call, Stice said the Midland, TX- based independent had decreased drill times from spud to total depth by more than 30% from a year ago.