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Diamondback Energy
Founded by : Travis D. Stice, 1 January 2020
Midland County, United States
More than 5000 employees
About the Company
Diamondback Energy, Inc. is an independent oil and natural gas company that operates primarily in the Permian Basin of West Texas. The company's operations focus on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin. Diamondback Energy's portfolio consists of approximately 394,000 net acres of leasehold interests with estimated proved reserves of 1.3 billion barrels of oil equivalent. The company's production has grown significantly in recent years, reaching over 321,000 barrels of oil equivalent per day in the fourth quarter of 2020. Additionally, Diamondback Energy is committed to environmental stewardship and has implemented sustainable practices in its operations.
Industry Type
According to the GICS (Global Industry Classification Standard) version of March 2023, Diamondback Energy’s industry classification falls within the following categories:
- Sector: Energy
- Industry group: Energy
- Industry: Oil, Gas & Consumable Fuels
- Sub-Industry: Oil & Gas Refining & Marketing
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Company Address
500 W Texas Ave Ste 1200, Midland, TX 79701
Source : Google maps