Diamondback Energy Q2 2026: Permian Permits, Spuds & Production

Diamondback reported Q2 average oil production of 525 MBO/d and total production of 1,018 MBOE/d. Cash capital expenditures were $996 million. The company raised full-year oil guidance to 522+ MBO/d and total production guidance to 1,000+ MBOE/d, with full-year cash capital expenditures unchanged at approximately $3.9 billion.

That result is a corporate operating measure. The state-record tables below are narrower: they show the filed operator label, the record stage, the source window, and the latest date available in the reviewed pull.

The current Texas records are filed primarily under DIAMONDBACK E&P LLC. That label carries 70 permits in the current 90-day window and 425 in the current 12-month window. The matched Texas reported-spud layer shows 4 rows in 90 days and 341 in 12 months, with the latest matched spud on April 27, 2026. Those are different record stages and should not be read as a production count.

For the recurring operator view, use the Diamondback Texas drilling permit page. This page preserves the Q2 event and the current Texas record comparison.

Q2 company figures

Current EnergyNetWatch record check

The current pull does not show a current New Mexico permit layer under DIAMONDBACK RESOURCES LLC. The Texas activity is therefore the usable current permit layer for this page. That is a source-label result, not a statement that Diamondback has no historical or corporate relationship to New Mexico records.

For a current operator view, the app keeps the Texas permit and reported-spud layers separate and preserves the source-filed operator label. That lets the user check the current window, the prior window, and the underlying county records without turning permits into a production estimate.

Texas counties

Midland and Martin account for most of the current validated county rows in the pull. Other raw rows include unresolved place-name or county-code combinations and are not included in this table.

Production-month context

The current production rollup has May 2026 as the latest complete month for the primary numbered Texas row.

This is a Texas source-record well count. It is not the same measure as Diamondback's Q2 company-reported production. Duplicate non-numbered rows were not added to the numbered row.

Facilities in the same state-record layer

The current facility pull contains direct rows under DIAMONDBACK E&P LLC. The largest categories include 175 OTHER records and 137 TANK_BATTERY records in Martin County. Midland has 47 TANK_BATTERY records, while Pecos has 47 and Reeves has 42. Several tank-battery groups have a latest first-seen date of June 19, 2026.

The facility table identifies record categories, counties, and source dates. It does not identify a contractor, a connected pipeline, a completion status, or an award. Those details require the row-level facility and map view.

What the records show

The company result shows production above one million BOE/d and a higher full-year output outlook. The current state records show a large permit layer under the filed Diamondback E&P label, concentrated in Midland and Martin. Those two counties contain 42 of the 45 validated 90-day county permits in the current table.

The matched spud layer is older and much smaller in the current 90-day view than the permit layer. The latest matched spud is April 27, while the latest permit is August 5. That difference describes the record timing; it does not prove that the permitted work has or has not started.

The source labels also matter. A parent-company search alone is not the same as a state-record search. The current permit rows are under Diamondback E&P, while a historical New Mexico label is present but stale. The page should show both facts without turning them into a corporate reconciliation.

What to watch next

• Whether new Texas permit rows continue under DIAMONDBACK E&P LLC after August 5.
• Whether the Texas reported-spud table receives newer rows than April 27 for this label.
• Whether the county mix remains centered in Midland and Martin.
• Whether the facility layer adds newer tank-battery or compressor records under the same direct label.
• Whether the company guidance change is followed by a visible change in the state permit cadence.

How to read the comparison

The company table reports Diamondback's Q2 production and guidance. The Texas tables report public permit, reported-spud, production-month, and facility records under source-filed labels. The historical New Mexico label is shown because it exists in the data, but its stale date is not evidence of current New Mexico activity.

Sources and definitions

Company figures come from the Diamondback Q2 2026 SEC release. Texas records are based on the Texas Railroad Commission public data sets.

Permits, reported spuds, production records, and facility records are separate layers. A permit is not a spud, a spud is not a completion, and a facility row is not proof of a contract, ownership, or in-service status.

For current operator records, aliases, permits, wells, production histories, infrastructure records, exports, alerts, and API access, request EnergyNetWatch access.

What to request

The next useful table is a current Diamondback Texas activity view with permit dates, reported-spud dates, county concentration, production-month rows, and direct facility categories. Keep the Diamondback E&P label visible so the record can be checked against the source.

Frequently Asked Questions

Why are permits and spuds shown separately?

They are different record stages. A permit shows that a filing exists; a reported spud is a separate field or signal. The two counts can move on different source clocks.

Does the Texas permit table equal Diamondback's Q2 drilling program?

No. It is a current state-record view under the filed Diamondback E&P label. The company release reports production, capital, and guidance at corporate scope.

What is the New Mexico row telling us?

The historical New Mexico label is present in the source set, but its latest record is from 2016 and it has no current permit rows in this pull. It is context for the label search, not evidence of current New Mexico activity.