Company

Diamondback Energy, Inc.

Headquarters: Midland, TX, United States

Employees: 870

CEO: Mr. Travis D. Stice

show_chart NASDAQ: FANG +0.87%

Market Cap

$24.84 Billion

USD as of April 1, 2022

history Market Cap History

Diamondback Energy, Inc. market capitalization over time

Evolution of Diamondback Energy, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Diamondback Energy, Inc.

Detailed 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.

Wikipedia Introduction

Diamondback Energy is an American energy company engaged in hydrocarbon exploration and headquartered in Midland, Texas. As of December 31, 2020, the company had 1,316 million barrels of oil equivalent (8.05×109 GJ) of estimated proved reserves, of which 58% was petroleum, 20% was natural gas, and 22% was natural gas liquids. The company's reserves are all in the Permian Basin.

Source: Wikipedia, retrieved on March 31, 2022, 8:57 p.m.

Stocks & Indices

Diamondback Energy, Inc. has the following listings and related stock indices.


Stock: NASDAQ: FANG

Stock: BMV: FANG

Stock: Bovespa: F1AN34

Stock: FSX: 7DB

Product & Services

PetroleumNatural gasNatural gas liquids

Key People

Steven E. West, Chairman Travis D. Stice, CEO Michael L. Hollis, President Kaes Van't Hof, CFO

Financials

Revenue: US$2.813 billion (2020)

Net income: -US$4.517 billion (2020)


Total assets: US$17.619 billion (2020)

Total equity: US$9.804 billion (2020)

Details

Headquarters:

500 West Texas Avenue

Suite 1200

Midland, TX 79701

United States

Phone: 432 221 7400