Devon, Diamondback raise Permian oil, gas production guidance, boost capex
US Permian Basin producers Devon Energy and Diamondback Energy both raised production guidance and capital budgets for 2022, owing to stellar well performance and inflationary pressures, their top executives said Aug. 2. Devon is raising its full-year 2022 production forecast by 3% to a range of 600,000-610,000 b/d of oil equivalent, owing to better-than-expected well results so far this year…