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 subbasin, 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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