Full-Time
Acquires and develops oil and gas reserves
No salary listed
Entry, Junior
No H1B Sponsorship
Midland, TX, USA
In Person
Diamondback Energy focuses on acquiring, developing, exploring, and exploiting oil and natural gas reserves, particularly in the Permian Basin of West Texas. The company primarily targets the Spraberry and Wolfcamp formations in the Midland Basin, as well as the Wolfcamp and Bone Spring formations in the Delaware Basin. To support its operations, Diamondback Energy also owns midstream infrastructure, including systems for gathering crude oil and natural gas, managed through its subsidiary, Rattler Midstream Operating LLC. This subsidiary not only serves Diamondback but also provides services to other customers. The company aims to efficiently extract oil and gas from its reserves while controlling the transportation and logistics of its products through its midstream assets. Its goal is to generate revenue by selling crude oil and natural gas.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Midland, Texas
Founded
2007
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Diamondback Energy, Inc. (NASDAQ:FANG) is one of the best dividend stocks according to Jim Cramer. The company amended its Credit Agreement with Wells Fargo Bank on June 12, 2025. With the interest rates and certain fees reduced, the maturity date has been postponed to June 12, 2030. Diamondback Energy, Inc. (NASDAQ:FANG) is a Texas-based independent […]
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Gas prices are displayed at a gas station in Streamwood, Ill. (AP Photo/Nam Y. Huh) Copyright 2025 The Associated Press. All rights reserved.For the first time in more than a decade, U.S. crude oil production is projected to decline in the coming year. That’s not just a headline—it’s a flashing warning light for policymakers, investors, and the broader economy
imaginima/Getty Images With crude prices at multi-year lows, the US oil industry is at a "tipping point," a top energy exec said. A historic production boom is at jeopardy if prices don't stabilize. America's oil boom is at a crosrroads, according to a top industry executive. The CEO of Diamondback Energy warned that tumbling oil prices will depress US crude output, predicting that American onshore production has peaked. Prices hit a four-year low on Monday, with WTI crude trading below $60 a barrel since the start of May. "On an inflation-adjusted basis, there have only been two quarters since 2004 where front month oil prices have been as cheap as they are today (excluding 2020 which was impacted by the global pandemic)," Travis D
The head of the largest independent oil producer in the Permian Basin predicts US shale production has peaked and will likely decline from here as oil prices hovers near four-year lows. "We have a very good view of what the US looks like. And right now that's a business that's slowing dramatically and likely declining in terms of production," Diamondback Energy (FANG) CEO Travis Stice said during the company's earnings call on Tuesday morning. Stice, who is slated to step down and become executive chairman later this month, issued a shareholder letter on Monday in which he pointed to declining crew count activity in the Permian Basin as an indicator that "production has peaked" and will begin to decline this quarter. "We know a lot of people in the business," Stice told analysts. "Every single conversation I've had with