FANG · 10-Q · 2026Q2 · Full report

Upstream Production Volume

Diamondback Energy, Inc. · 2026-08-05 · Importance 58 · Surprise 42 · In source text

Diamondback’s upstream operations are concentrated in unconventional, onshore oil and natural gas development in the Permian Basin, primarily the Midland and Delaware Basins. Average production reached 1,017.7 MBOE/d in the second quarter of 2026, surpassing the 1.0 million BOE/d milestone. The company drilled 97 gross horizontal wells and turned 168 gross operated horizontal wells to production in the Midland Basin during the quarter. Diamondback held approximately 902,005 net Permian acres as of June 30, 2026, including 808,401 net acres in the Midland Basin and 93,604 net acres in the Delaware Basin, and operated 5,636 gross horizontal wells across the two basins.

Key facts

• The Company increased its annual production guidance by 3% to approximately 1,000 MBOE/d. source
• Combined volumes for the six months ended June 30, 2026: 180,749 MBOE; daily combined volumes 998,613 BOE/d. source
• The Company’s average production was 1,017.7 MBOE/d in the second quarter of 2026, surpassing the 1.0 million BOE/d milestone. source
• The Viper divested properties had then-current production of approximately 4,750 BO/d source
• Daily combined volumes for the three months ended June 30, 2026: 1,017,659 BOE/d. source
• As of June 30, 2026, the Company had approximately 902,005 net acres in the Permian Basin, which included approximately 808,401 net acres in the Midland Basin and 93,604 net acres in the Delaware Basin. source
• Oil production for the three months ended June 30, 2026: 47,791 MBbls. source
• Natural gas production for the three months ended June 30, 2026: 128,279 MMcf. source

Impact estimates