Diamondback Vows Slow Growth, Fewer Rigs After Endeavor Deal

Investors are not very interested in growing output, CFO says Combined company will operate fewer rigs but more efficiently Diamondback Energy Inc. will borrow a page from the shale-consolidation playbook by cutting drilling rigs after its acquisition of rival Endeavor Energy Resources LP, a move that will help satisfy investors who prefer payouts over production growth. The explorers, … Read more