DIAMONDBACK ENERGY INC (FANG)

Company Profile

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 972 full-time employees. The company went IPO on 2012-10-17. The firm operates through upstream segment, which is engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The midstream operations are focused on owning, operating, developing and acquiring midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. Its total acreage position in the Permian Basin is approximately 508,767 net acres, which consisted primarily of approximately 325,540 acres in the Midland Basin and approximately 150,719 acres in the Delaware Basin. The Company’s subsidiaries include Diamondback E&P LLC, Viper Energy Partners GP LLC, Rattler Midstream GP LLC, and QEP Resources, Inc.

Company Info

DIAMONDBACK ENERGY INC

Suite 1210, 500 West Texas

Midland TEXAS 79701

P: 14054636900

CEO: Travis D. Stice

Employees: 972

Website: https://ir.diamondbackenergy.com/