Diamondback Energy

FANG · NASDAQ

$202.42−$0.70 (−0.34%)TodayMarket closed ·
Prev close $203.12

About FANG

Diamondback Energy, Inc. is an independent oil and natural gas company, which engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil, and natural gas reserves. The company is headquartered in Midland, Texas and currently employs 1,762 full-time employees. The company went IPO on 2012-10-17. The firm's activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin within the Permian Basin. Its subsidiary, Viper Energy, Inc., is focused on owning and acquiring mineral interests and royalty interests in oil and natural gas properties primarily in the Permian Basin and derives royalty income and lease bonus income from such interests. The firm has approximately 859,203 net acres, which primarily consists of 742,522 net acres in the Midland Basin and 116,681 net acres in the Delaware Basin. Its subsidiaries include Diamondback E&P LLC, Rattler Midstream GP LLC, Rattler Midstream LP and QEP Resources, Inc.

Employees
1,762
Headquarters
Midland, Texas
Listed
Oct 17, 2012
Sector
Energy
Industry
Oil, Gas & Consumable Fuels

Leadership

Diamondback Energy executives
NameTitleSince
Travis Stice—2011
M. Kaes Van't Hof—2017
Jere Thompson—2025
Daniel Wesson——
Teresa Dick——
Matt Zmigrosky——
Al Barkmann——
Chad McAllaster——
Melanie Trent——
Charles Meloy——
Retd. Gen. Vincent Brooks——
Darin Holderness——
Rebecca Klein——
Stephanie Mains——
Mark Plaumann——
Robert Reeves——
Lance Robertson——
Frank Tsuru——
Steven West——
Adam Lawlis——

Revenue by product and region

Fiscal year ended Dec 31, 2022: $9.57B total revenue

By product

  • Oil sales$7.66B80.1%
  • Natural gas liquid sales$1.05B11.0%
  • Natural gas sales$858.00M9.0%

By region

  • Midland Basin$6.82B71.3%
  • Delaware Basin$2.73B28.5%
  • Other$17.00M0.2%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Diamondback Energy suppliers and customers
CompanyRelationshipCorrelation
Viper Energy Partners VNOMSupplier and customer0.96
Royal Dutch Shell plc RYDAFCustomer0.93
Kimbell Royalty Partners, LP KRPSupplier0.93
MPLX MPLXSupplier and customer0.92
Exxon Mobil XOMSupplier and customer0.90
Select Energy Services A WTTRSupplier0.88
Marathon Petroleum MPCSupplier and customer0.88
Brigham Minerals A MNRLSupplier0.87
Rattler Midstrm RTLRSupplier and customer0.85
Mexco Energy MXCSupplier and customer0.72

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