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PS - Diamondback Energy Highlights - January 8, 2020

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After seeing oil production fall in 3Q19, Diamondback Energy rebounded in Q4 and returned to growth. Q3 was affected by the divestment of 5,800 bo/d in the Central Basin Platform as well as the shut-in of wells due to offset fracs. The impact of offset frac interference subsided in Q4 with field-level production in Howard County, Texas, rebounding as expected. Q4 volumes averaged 301,300 boe/d (65% oil), up 5% sequentially and up 65% YOY.......
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