Diamondback Energy(US:FANG) 智通财经网·2025-05-06 03:20Group 1 - Diamondback Energy indicates that U.S. shale oil production may have peaked, with a decline expected in the coming months following a drop in oil prices [1][4] - The company has lowered its annual production forecast, expecting a nearly 10% decrease in the number of onshore oil rigs across the U.S. by the end of Q2 [1][5] - Travis Stice, CEO of Diamondback, states that the industry is at a turning point, with geological challenges outweighing technological and operational efficiencies [4][6] Group 2 - The shale oil sector has been a key driver behind the surge in U.S. crude oil production, making the U.S. the largest oil producer globally [4] - Despite previous predictions of continued growth in shale oil production, Diamondback's assessment marks a significant shift in industry expectations [1][4] - The number of hydraulic fracturing wells has decreased by 15% this year, with further reductions anticipated [5][6] Group 3 - Diamondback Energy's current daily production estimate is approximately 488,000 barrels, slightly down from the previous estimate of 492,000 barrels [5] - Other shale oil producers, including EOG Resources and Matador Resources, are also reducing their operational activities [5] - Diamondback plans to cut three drilling rigs and one fracturing crew, leading to a total budget reduction of $400 million this year [6]