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Diamondback Energy

#346

Rank

$56.81B

Marketcap

US United States

Country

Diamondback Energy
Leadership team

Kaes van'T Hof (Chief Financial Officer and Executive Vice President of Business Development)

Jennifer Soliman (Exec VP/Chief Human Resources Ofcr)

Products/ Services
Petroleum, Natural gas, Natural gas liquids
Number of Employees
500 - 1000
Headquarters
Midland, Texas, United States
Established
2007
Company Registration
SEC CIK number: 0001539838
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
FANG
Overview
Location
Summary

Diamondback Energy to Acquire Mineral Interests in Midland CountyDiamondback Energy is an independent oil and natural gas company headquartered in Midland, TX. Diamondback’s growth strategy is focused on the acquisition, development, exploration and exploitation of unconventional, long-life, onshore oil and natural gas reserves in the major oil producing Permian Basin in West Texas. The Company’s operations aredirected primarily at the large acreage areas of the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, collectively known as the Wolfberry Trend.

History

2007: The company began operations in December 2007 with the acquisition of 4,174 net acres in the Permian Basin.

2012: In October 2012, the company became a public company via an initial public offering, issuing 12,500,000 shares of common stock at a price of $17.50 per share.

2017: In March 2017, the company acquired assets from Brigham Resources for $2.55 billion.

2018: In October 2018, the company acquired the assets of Ajax Resources for $1.25 billion.

2021: In March 2021, the company acquired QEP Resources.

Key Team

Melanie Montague Trent (Board Member)

Steven E. West (Chairman of The Board)

Vincent K. Brooks (Board Member)

Teresa L. Dick (Exec VP/Chief Acctg Officer)

David L. Houston (Board Member)

Mark L. Plaumann (Board Member)

Melanie Montague Trent (Board Member)

Michael Hollis (President & COO)

Russell D. Pantermuehl (Exec VP/Chief Engineer)

Steven E. West (Chairman of The Board)

David L. Houston (Board Member)

Mark L. Plaumann (Board Member)

References
Diamondback Energy
Leadership team

Kaes van'T Hof (Chief Financial Officer and Executive Vice President of Business Development)

Jennifer Soliman (Exec VP/Chief Human Resources Ofcr)

Products/ Services
Petroleum, Natural gas, Natural gas liquids
Number of Employees
500 - 1000
Headquarters
Midland, Texas, United States
Established
2007
Company Registration
SEC CIK number: 0001539838
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
FANG