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energyLOWIR2026-05-05 17:00 UTC

Top Permian Producer Adds Rigs as Oil Rally Holds

Diamondback Energy, one of the biggest pure-play Permian Basin producers in West Texas, said Monday it is immediately boosting oil output in response to the ongoing price rally driven by the Iran war — making it the first major shale operator to openly break from the capital-discipline playbook that

ORIGINAL SOURCE →via OilPrice.com
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