After a rough third-quarter 2019, Diamondback Energy Inc. finished the year strong after an issue with frac hits hamstrung the company’s oil production in the Permian Basin last quarter.

“The impact of offset frac interference experienced in the third quarter subsided in the fourth quarter with field-level production in Howard County [Texas] rebounding as expected,” Diamondback CEO Travis Stice said in a statement on Jan. 7.

Diamondback reported average daily production for fourth-quarter 2019 of 301,300 barrels of oil equivalent per day (boe/d), up from the previous quarter’s 287,100 boe/d and above Street expectations. Year-over-year, the company’s average daily production rose 65%, according to a company news release.

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