Overview
Description
Diamondback Energy Inc. is a publicly traded company that engages in the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin of West Texas. Its primary function is to extract hydrocarbon resources, which includes both crude oil and natural gas, through advanced drilling and recovery techniques. Diamondback Energy leverages its extensive portfolio of assets across the prolific Permian Basin, which is renowned for its rich oil and gas deposits and low-cost production benefits.
The company plays a significant role in the energy sector by providing essential natural resources that fuel modern economies. Its strategic focus on high-margin assets and efficient operational practices make it a notable player in the United States energy market. Diamondback's operations impact sectors involved in energy supply, industrial production, and transportation. Headquartered in Midland, Texas, Diamondback Energy is committed to sustainable growth and maximizing shareholder value, ensuring its ongoing contribution to the energy landscape and the broader commodities market.
About
CEO
Mr. Travis D. Stice
Employees
1983
Address
500 West Texas Avenue
Suite 100
Midland, 79701, TX
United States
Suite 100
Midland, 79701, TX
United States
Phone
432 221 7400
Website
Instrument type
Common stock
Sector
Energy
Industry
Oil & Gas E&P
Country
United States
MIC code
XNGS