| 2016-10-10 12:02:16|
FANG, VNOM 12:02 10/10 10/10/16
Diamondback Energy reports Q3 average daily production 44,923 boe/d, up 22%
Diamondback's (FANG) average daily production during Q3 2016 was 44,923 boe/d, of which 73% was oil, up 22% from Q2 2016 average daily production of 36,841 boe/d. Average realized prices during Q3 2016 were $42.11 per barrel of oil, $2.37 per Mcf of natural gas and $13.76 per barrel of natural gas liquids. Diamondback's subsidiary, Viper Energy Partners LP (VNOM), had Q3 2016 production of 6,255 boe/d, up 16% from Q2 2016 average daily production of 5,380 boe/d. Viper's Q3 2016 average realized prices were $41.97 per barrel of oil, $2.39 per Mcf of natural gas and $12.56 per barrel of natural gas liquids. In September 2016, Diamondback completed its previously announced acquisition in the Southern Delaware Basin.