Diamondback Energy is planning to hold its own output growth to 2% next year and said it can be flexible with spending if the oil market is oversupplied in 2025. — Bloomberg
NEW YORK: Diamondback Energy Inc, the largest independent oil and gas producer in the Permian Basin, warned that the US shale industry may be growing to its own detriment again.
The company is planning to hold its own output growth to 2% next year and said it can be flexible with spending if the oil market is oversupplied in 2025.
