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Diamondback Energy raises 2024 oil production target as U.S. shale drillers lift forecasts

Diamondback, one of the largest independent operators in the oil-rich Permian basin of West Texas and New Mexico, expects to pumps as much as 276,000 bpd this year, up from an earlier top-end forecast of 275,000 bpd, according to a statement released Monday. The company also lowered its full-year capital spending budget.

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