(Bloomberg) -- Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hover near four-year lows.

(Bloomberg) — Diamondback Energy Inc., the largest independent oil producer in the Permian Basin, says production has likely peaked in America’s prolific shale fields and will decline in the months ...

Diamondback Energy has lowered its production outlook and planned capital expenditures for 2025 amid falling oil prices, the US operator revealed on Monday in its first quarter earnings report.

Diamondback (FANG) said its average price for natural gas during Q1 more than doubled from a year earlier to $2.11/Mcf. "We believe we are at a tipping point for U.S. oil production at current ...

“This will have a meaningful impact on our industry and our country,” Diamondback CEO Travis Stice wrote. “We believe we are at a tipping point for U.S. oil production.” RELATED: Oil price ...

The country's near two-decade-old shale boom is also now in a more mature stage of development, with geological hurdles a major challenge to production growth at current oil prices, Diamondback said.

The latest price target for Diamondback Energy (NASDAQ:FANG) was reported by B of A Securities on May 23, 2025. The analyst firm set a price target for $170.00 expecting FANG to rise to within 12 ...

Oil prices slumped to a more than four-year low this week. Diamondback said current oil prices were a tipping point for U.S. oil production, and that it was likely that “U.S. onshore oil ...

The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hover near four ... declining in terms of ...