As a result, along with the fact that Diamondback reports cash capital expenditures that match our cash flow statement, which is unique in our industry, we spent $562 million of cash capex in the second quarter. Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Schedules Second Quarter 2020 Conference Call for August 4, 2020 Jun.

Canada’s rig count leapt by 102 rigs, but its tally of 276 was lower than the year-ago account of 315. RIG-OL-USA-BHI RIG-OL-USA-BHI RIG-GS-USA-BHI A change in the Houston-based oilfield service player’s rotary rig count affects demand for energy services like ... and Diamondback Energy Inc. (FANG - Free Report) . The U.S. oil and gas rig count, an early indicator of future output, fell by one to an all-time low of 265 in the week to June 26, according to data from energy services firm Baker Hughes Co going back to 1940. Diamondback Energy has restarted oil production at nearly all of its wells that were temporarily shut down after the coronavirus-driven oil crash earlier this year. 30, 2020 at 4:01 p.m. There were 185 rigs searching for oil, up 87. ET on GlobeNewswire Diamondback Energy Inc., Midland, is reducing its operating activity and capital budget for 2020, citing recent commodity price volatility. Hollis served as COO since 2015 and took over the role of president in January 2017. In the wake of the concurrent COVID-19 demand shock and OPEC+ supply war, E&P hedge books will provide vital liquidity on … Diamondback Energy's President & COO Michael Hollis has resigned, according to a recent filing with the SEC. Natural gas rigs rose by 15 to 91. E&P Oil Hedges Provide Some Cover During a Perfect Storm. A row of pumpjacks is seen at a Diamondback Energy Inc. oil rig in Midland.
No other details nor the reason behind the resignation was disclosed.

Accordingly, our operated rig count declined from 20 rigs on March 31 to seven today.