Permian basin producer Diamondback Energy plans to spend up to $1 billion this year as it continues to add rigs and develop acreage.
Diamondback said it plans to spend between $800 million and $1 billion in 2017, with more money directed at drilling, completions and infrastructure build-out following the closing of its purchase last year of Brigham Resources.
Between $650 million and $825 million is earmarked for drilling and completions, with another $150 million to $175 million set aside for infrastructure.
