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
Website
ir.diamondbackenergy.com
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 |
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. |
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 |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
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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