Diamondback expects operational synergies to be realized in 2025 by the combined company. Therefore, the company is providing a preliminary look at its pro forma 2025 combined company capital and operating plan assuming Diamondback’s cost structure and current estimated well costs. The 2025 plan is preliminary and subject to changes, including as result of changes in oil and gas prices, the macro environment and well costs. On a pro forma basis in 2025, Diamondback expects to generate oil production of 470 – 480 MBO/d (800 – 825 MBOE/d) with a capital budget of approximately $4.1B-$4.4B. This operating plan implies significant pro forma cash flow and free cash flow per share accretion.
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