Diamondback Energy (FANG) Announces Updated FY16 Outlook; Offers FY17 Guidance
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Diamondback Energy, Inc. Provides Preliminary Third Quarter 2016 Financial and Operating Results, Increases 2016 Guidance and Introduces Preliminary 2017 Outlook
October 10, 2016 7:32 AM EDTMIDLAND, Texas, Oct. 10, 2016 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (Diamondback or the Company) today provided an operational update for the quarter ended September 30, 2016, increased 2016 production outlook and introduced preliminary guidance for the full year of 2017. Â Â
Diamondbacks continued strong well performance and increased completion cadence during the third quarter reflects our ability to turn our growth engine back on into a rising commodity price after reducing completion activity in early 2016. We are now operating four rigs with a fifth rig to be added in the... More
