Diamondback Sees 10% More Permian Oil Rigs by Year-End as War Boosts Prices

Diamondback Energy Inc. expects a 10% increase in Permian oil rigs by year-end due to boosted prices from the war. U.S. Vice President Mike Pence toured a Diamondback Energy Inc. oil rig in Midland, Texas. The visit highlighted the impacts of the United States-Mexico-Canada Agreement.