Diamondback Energy, Inc. (FANG) NASDAQ

134.55

-3.26(-2.37%)

Updated at May 30 04:00PM

Currency In USD

Diamondback Energy, Inc.

Address

500 West Texas Avenue

Midland, TX 79701

United States of America

Phone

432 221 7400

Sector

Energy

Industry

Oil & Gas Exploration & Production

Employees

1983

First IPO Date

October 12, 2012

Key Executives

NameTitlePayYear Born
Mr. Travis D. SticeChief Executive Officer & Chairman of the Board4.77M1962
Mr. P. Matt ZmigroskyExecutive Vice President, Chief Legal & Administrative Officer and Secretary1.63M1979
Mr. Daniel N. WessonExecutive Vice President & Chief Operating Officer1.79M1985
Mr. Matthew Kaes Van't HofPresident1.92M1987
Mr. Greg DolezalSenior Vice President & Chief Information Officer0N/A
Mr. David MeekSenior Vice President of Human Resources0N/A
Mr. Jere W. Thompson IIIExecutive Vice President & Chief Financial Officer01988
Mr. Johnny D. DosseyVice President of Marketing01966
Mr. David L. CannonSenior Vice President of Geoscience & Technology0N/A
Mr. Adam T. LawlisVice President of Investor Relations0N/A

Description

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2021, the company's total acreage position was approximately 524,700 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,788,991 thousand barrels of crude oil equivalent. It also held working interests in 5,289 gross producing wells, as well as royalty interests in 6,455 additional wells. In addition, the company owns mineral interests approximately 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, including 866 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.