
The early Barnett production will help Diamondback slightly increase its oil production this year from 2025’s average of 497,200 b/d. Van’t Hof and his team are eyeing 505,000 b/d this year with total expected production of 926,000-962,000 boe/d versus last year’s 921,000 boe/d.
On a Feb. 24 conference call with analysts and investors, Van’t Hof said he’s feeling better than in recent quarters about that production number possibly moving up. The bigger picture for the oil-and-gas sector, he said, has grown a bit brighter.
“Some people have been talking about [oversupplying the market] for 2 years. It just hasn’t seemed to happen as aggressively as some expected,” Van’t Hof said. “As we turn to higher demand in the summer and driving season […] people will start to find reasons to be less bearish […] In general, we just feel more confident about the macro after a couple of big shocks last year on the supply side and the demand side.”
In the last 3 months of 2025, Diamondback posted a net loss of more than $1.4 billion due to a $3.6 billion impairment charge because of lower commodity prices’ effect on the company’s reserves. Adjusted EBITA fell to $2.0 billion from $2.5 billion in late 2024 and revenues during the quarter slipped to nearly $3.4 billion from $3.7 billion.
Shares of Diamondback (Ticker: FANG) were essentially flat at $173.68 in early-afternoon trading on Feb. 24. Over the past 6 months, they are still up more than 20% and the company’s market value is now $50 billion.




















