July 14, 2020 / 8:29 PM / a month ago

Diamondback Energy cuts 2020 production forecast

July 14 (Reuters) - Shale producer Diamondback Energy Inc on Tuesday cut its 2020 production forecast due to higher-than-expected curtailed volumes in the second quarter and volatile oil prices.

The company said it now plans to produce 290,000 to 305,000 barrels of oil equivalent per day (boe/d), lower than its previous forecast of 295,000 to 310,000 boe/d.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur

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