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Diamondback Energy Inc
Diamondback Energy Inc
Exchange: Nasdaq Global Select
IPO Date: 12/10/2012
CEO: Mr. Travis Stice
Oil & Gas E&P Energy 🔗
  • FANG
    symbol
  • 121.21
    price
  • 21283506176
    market cap
  • 0.05999756
    changes
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Old Price $12 Current Price $12

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 711 full-time employees. The firm focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company’s total net acreage position in the Permian Basin was approximately 105,894 net acres. As of December 31, 2016, the Company, through its subsidiary, Viper Energy Partners LP (Viper), owned mineral interests underlying approximately 107,568 gross acres primarily in Midland County, Texas in the Permian Basin. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The firm’s reserves are located in the Permian Basin of West Texas, in particular in the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. The firm refers to the Clearfork, Spraberry, Wolfcamp, Strawn and Atoka formations collectively as the Wolfberry play.

Address: 500 WEST TEXAS SUITE 1200 Midland TEXAS 79701

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