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.
Diamondback Energy Inc premium industry data and analytics
Products and Services
Products |
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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 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. |
2023 | Contracts/Agreements | In September, the company and Five Point Energy LLC formed a new joint venture entity Deep Blue Midland Basin LLC for its produced water and supply water within a 12-county area of mutual interest in the Midland Basin. |
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 | President; Chief Financial Officer | Senior Management | 2022 | 36 |
Daniel N. Wesson | Executive Vice President; Chief Operating Officer | Senior Management | 2022 | 39 |
Teresa L. Dick | Chief Accounting Officer; Executive Vice President; 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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