Diamondback Energy (FANG) provided an operational update for Q1. Average production of 475.9 MBO/d. Average unhedged realized prices of $70.95 per barrel of oil, $23.94 per barrel of natural gas liquids and $2.11 per Mcf of natural gas. Average hedged realized prices of $70.06 per barrel of oil, $23.94 per barrel of natural gas liquids and $3.34 per Mcf of natural gas. Realized hedge gain of $85M, with unrealized hedge gain of $141M, resulting in total gain on derivatives of $226 million. Cash capital expenditures of $942M.
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