Diamondback Energy pledges to hold costs down for another year

 

 

Shale driller Diamondback Energy Inc. says it is preparing for a 10% jump in costs next year amid supply-chain snarls hitting the oil industry.

The Permian Basin-focused driller, headquartered in Midland, Texas but with offices also in Oklahoma City, made a pledge this week to hold output steady through at least the end of 2022 reported Bloomberg.

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