NASDAQ ยท Energy ยท Oil & Gas Exploration & Production
Market Cap$57.26B
SectorEnergy
IndustryOil & Gas Exploration & Production
52-Week Low$132.20
52-Week High$214.51
CEOMatthew Kaes Van't Hof
IPO DateOct 12, 2012
Employees1,983
CountryUnited States
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.