Diamondback Sees 10% More Permian Oil Rigs by Year-End as War Boosts Prices

Diamondback Energy Inc., one of the biggest US shale producers, predicts that drillers will add as many as 30 rigs to America’s most prolific oil field by the end of...

By David Wethe · Bloomberg Markets

Diamondback Energy Inc., one of the biggest US shale producers, predicts that drillers will add as many as 30 rigs to America’s most prolific oil field by the end of the year as the Iran war sends crude prices soaring.