Diamondback Energy Q4 Earnings Call Highlights

Management repeatedly stressed that the play’s next step is driving costs down as development shifts from delineation to full-field execution. Van’t Hof said Barnett wells are currently around “$1,000 a foot,” and he framed a target of roughly “$800 a foot” as the threshold for returns to become competitive, particularly when paired with higher oil productivity.Chief Engineer Al Barkmann highlighted performance shown in the company’s investor materials, saying Barnett well results stood out versus the core ...