Diamondback Energy Inc
Company Profile
Business description
Diamondback is a crude oil and natural gas exploration and production firm whose operations represent a pure-play in the US Permian Basin. The company went public in 2012 and has established itself as a top-tier independent producer through disciplined acquisition and operational excellence. The company's most transformational transaction occurred in September 2024 with the completion of its $26 billion merger with Endeavor Energy Resources, which added around 470,000 net acres and doubled Diamondback's total acreage position. Diamondback boasts an enviable position in the Midland sub-basin, with some of the lowest unit costs among its Permian peers.
Contact
500 West Texas Avenue
Suite 100
MidlandTX79701
USAT: +1 432 221-7400
Sector
Energy
Stock type
Sensitive
Industry
Oil & Gas E&P
Fiscal Year End
31 December 2026
Employees
1,762
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