Second, synergies from the Energen acquisition have started to kick in for Diamondback, particularly with respect to general and administrative (G&A) expense and well costs. Internally, leadership starts at the top through setting the right vision, sound decision making and effective delegation. G&A savings are $30–40 million, in line with the goal.

For more information, please visit www.diamondbackenergy.com. US oil and gas producer Diamondback Energy’s $9.2 billion acquisition of rival player Energen this week should generate significant synergies and improved overall production on operations in the prolific Permian Basin shale play, according to analysis by Rystad Energy. As for synergies with respect to the Delaware Basin, well costs are down $55–60 per foot, which surpasses the original target of $50 per foot. Schedules Second Quarter 2020 Conference Call for August 4, 2020 Diamondback Energy, Inc. Diamondback Energy is committed to establishing and maintaining a leadership position within our organization and within our business community. Diamondback's purchase of rival Energen signifies a move toward consolidation, according to Rystad Energy.
With this, Diamondback already achieved 96% of the projected D&C synergies in the Midland. US oil and gas producer Diamondback Energy's $9.2 billion acquisition of rival player Energen this week should generate significant synergies and improved overall production on operations in the prolific Permian Basin shale play, according to analysis by Rystad Energy. Diamondback Energy expects $205.0 million–$310.0 million of … In this article, we’ll look into the expected synergies from the combination of the two Permian producers. Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.