FANG · 10-Q · 2026Q2 · Full report

Manufacturing and Capacity

Diamondback Energy, Inc. · 2026-08-05 · Importance 23 · Surprise 24

Diamondback was operating 17 drilling rigs and five completion crews as of the filing date. The company expects to continue adjusting development activity as market conditions change, including converting part of its drilled-but-uncompleted well inventory into producing wells. Its development-location inventory is intended to provide flexibility to alter capital allocation, activity levels and development timing. The company stated that it can adjust rig cadence and its capital expenditure budget in response to commodity prices and overall market conditions.

Key facts

• Company is currently operating 17 drilling rigs and five completion crews (as of the report date). source
• The average lateral length for wells completed during the second quarter of 2026 was 11,983 feet. source
• The average lateral length for wells completed during the six months ended June 30, 2026 was 11,679 feet. source