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Diamondback Energy Inc: Overview

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Diamondback Energy Inc (Diamondback Energy) operates as an oil and gas company that offers exploration and development programs. The company acquires, develops, explores and exploits unconventional, onshore oil and natural gas reserves in Permian Basin in West Texas. It develops the reserves and production through exploitation and exploration activities, development drilling, and acquisitions, targeting the oil-weighted reserves. Diamondback Energy’s Wolfberry play assets have high oil and liquids rich natural gas. The company operates in , Wolfcamp, Cline, Bone Spring, Spraberry, Strawn and Atoka formations. Diamondback Energy is headquartered in Midland, Texas, the US.

Headquarters United States of America

Address 500 West Texas, Suite 1200, Midland, 79701


Telephone 1 405 4636900

No of Employees 870

Industry Energy and Utilities

Ticker Symbol & Exchange FANG (NASD)

Revenue (2021) $6.8B 141.6% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX 148.3% (2021 vs 2020)

Market Cap* $23.7B

Net Profit Margin (2021) XXX 120.0% (2021 vs 2020)

* As of and is in US$

Products and Services

Products
Oil
Natural Gas
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In May, the company entered into an agreement to acquire all of the publicly held common units of Rattler Midstream LP.
2022 Acquisitions/Mergers/Takeovers In January, the company acquired oil and gas acreage in Texas, the US for US$230 million.
2021 Acquisitions/Mergers/Takeovers In March, the company completed the acquisition of QEP Resources Inc.
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Competitor Comparison

Key Parameters Diamondback Energy Inc Concho Resources Inc Deep Down Inc Cross Border Resources Inc Cubic Energy Inc
Headquarters United States of America United States of America United States of America United States of America United States of America
City Midland Midland Houston San Antonio Dallas
State/Province Texas Texas Texas Texas Texas
No. of Employees 870 1,453 45 - -
Entity Type Public Private Public Public Private
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Key Financial Charts

Net Income Growth

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Operating Margin
Operating Margin
EPS (Earnings per Share)
EPS (Earnings per Share)
Debt to Equity Ratio
Debt to Equity Ratio
Return on Assets
Return on Assets
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Executives
Name Position Board Since Age
Steven E. West Chairman Executive Board 2011 60
Travis D. Stice Chief Executive Officer; Director Executive Board 2012 59
Kaes Van't Hof Executive Vice President - Business Development; Chief Financial Officer Senior Management 2019 34
Teresa L. Dick Assistant Secretary; Chief Accounting Officer; Senior Vice President Senior Management 2019 50
Matt Zmigrosky Executive Vice President; General Counsel; Secretary Senior Management 2019 42
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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