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Diamondback Energy Company Profile

500 West Texas Avenue

Midland TX 79701

432-221-7400

www.diamondbackenergy.com

Industry: Oil & Gas E&P

Sector: Energy


Description

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. Its activities are primarily focused on the Clearfork, Spraberry, Wolfcamp, Cline, Strawn, and Atoka formations. The company’s net acreage position is approximately 84,683 acres in the Permian Basin. As of December 31, 2015, its estimated proved oil and natural gas reserves were 156,900 thousand barrels of crude oil equivalent, as well as working interests were in 918 gross producing wells. It also owns mineral interests underlying approximately 46,562 gross acres in the Permian Basin. The company was founded in 2007 and is headquartered in Midland, Texas.

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StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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