Permian producer Diamondback Energy Inc. reported a 13% fall in adjusted quarterly profit, hurt by lower oil and gas prices.
Net income attributable to the company rose to $368 million, or $2.26 per share, in the three months ended Sept. 30, from $157 million, or $1.59 per share. Excluding items, Diamondback earned $239 million, or $1.47 per share.
Production more than doubled to 287,100 barrels of oil equivalent per day.
Planned to start in early 2020, the survey has already received significant industry interest and is being prefunded in part by BP. First results are targeted for first-quarter 2021.
KCA Deutag said Nov. 18 that its land drilling operation has won new contracts worth approximately $460 million in the Middle East, Africa and Europe.
Cold Bore’s SmartPAD completions system is first to deliver real-time, sensor-driven tracking of operations data with analytics, President Brett Chell says.