Diamondback Energy Inc (FANG)

[Wildbilly]

FANG: Q1 30% production increase Q/Q, raises guidance
Apr 10 2014, 16:55 ET

Diamondback Energy raises 2014 production guidance

Diamondback Energy (FANG) reports Q1 production increased 30% Q/Q to

13.6M boe/day, with a quarter-end exit rate in excess of 16M

boe/day.FANG raises its FY 2014 production guidance to 16M-18M

boe/day from 15M-16M boe/day, reflecting 132% production growth Y/Y

at the midpoint of the estimated range.Says early indications from

its Mabee Breedlove 22-1H in Martin County appear better than

industry offset wells by more than 25%.