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. It focuses on the horizontal development of the Spraberry, Wolfcamp formations and Bone Spring formations of the Permian Basin in West Texas and New Mexico. The company also provides midstream services such as upstream and midstream operations. Diamondback Energy is headquartered in Midland, Texas, the US.
Headquarters
United States of America
Address
Suite 1210, 500 West Texas, Midland, 79701
Website
ir.diamondbackenergy.com
Telephone
1 405 4636900
No of Employees
1,023
Industry
Energy and Utilities
Ticker Symbol & Exchange
FANG (NASD)
Revenue (2022)
$8.4B
-12.8%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-28.3%
(2022 vs 2021)
Market Cap*
$36.4B
Net Profit Margin (2022)
XYZ
-17.9%
(2022 vs 2021)
* As of and is in US$
Diamondback Energy Inc premium industry data and analytics
Products and Services
| Products |
|---|
| Natural Gas |
| Oil |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company entered into an agreement with Oklo Inc. for 50 MW of clean, reliable, and affordable energy to power Diamondback operations in the Permian Basin. |
| 2024 | Contracts/Agreements | In February, Cottonmouth Ventures entered into a joint development agreement with Verde Clean Fuels to build a facility to produce commodity-grade gasoline by utilizing associated natural gas feedstock. |
| 2024 | Plans/Strategy | In February, the company announced its plans to acquire Endeavor Energy Partners for US$26 billion. |
Competitor Comparison
| Key Parameters | Diamondback Energy Inc | EOG Resources Inc | Pioneer Natural Resources Co | Concho Resources Inc | HighPoint Resources Corp |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Midland | Houston | Irving | Midland | Denver |
| State/Province | Texas | Texas | Texas | Texas | Colorado |
| No. of Employees | 1,023 | 3,050 | 2,213 | 1,453 | 124 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Travis D. Stice | Chief Executive Officer; Chairman | Executive Board | 2012 | 61 |
| M. Kaes Van’t Hof | Chief Financial Officer; President | Senior Management | 2022 | 36 |
| Daniel N. Wesson | Executive Vice President; Chief Operating Officer | Senior Management | 2022 | 39 |
| Teresa L. Dick | Executive Vice President; Chief Accounting Officer; Assistant Secretary | Senior Management | 2019 | 53 |
| Greg Dolezal | Chief Information Officer; Vice President | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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