Viper Energy Partners LP (VNOM) Tops Q2 EPS by 1c

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Go back to Viper Energy Partners LP (VNOM) Tops Q2 EPS by 1c

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2015 Cash Distributions and Financial and Operating Results and Provides Updated 2015 Guidance

August 5, 2015 4:02 PM EDT

MIDLAND, Texas, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Viper Energy Partners LP (NASDAQ: VNOM) ("Viper" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback"), today announced financial and operating results for the second quarter ended June 30, 2015 and provided updated 2015 guidance.

HIGHLIGHTS

The Board of Directors of Viper's general partner has declared a cash distribution for the three months ended June 30, 2015 of $0.22 per common unit, payable on August 21, 2015, to unitholders of record at the close of business on August 14, 2015. This represents an approximate... More

Diamondback Energy, Inc. Announces Second Quarter 2015 Financial and Operating Results and Updated Guidance for 2015

August 5, 2015 4:02 PM EDT

MIDLAND, Texas, Aug. 5, 2015 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company") today announced financial and operating results for the second quarter ended June 30, 2015 and provided updated guidance for 2015.

HIGHLIGHTS

Diamondback's Q2 2015 production was 30.0 Mboe/d (74% oil), up 68% from 17.8 Mboe/d (75% oil) in Q2 2014. Lease operating expenses ("LOE") decreased 8% to $7.51/boe from Q1 2015 and nearly 25% from the high in Q4 2014 of $9.79/boe. As a result of continued improved execution and faster cycle times, Diamondback now expects to complete 60 to 70 gross (49 to 57 net) horizontal... More