Diamondback Energy operates as an onshore oil and natural gas producer in the Permian Basin, with a focus on Wolfcamp and Spraberry formations. It adds value by exploring, drilling, and producing crude oil, natural gas, and natural gas liquids, leveraging a low-cost structure and a growth-by-acquisition strategy. The company grows through acquisitions of assets from other producers and emphasizes ESG metrics in compensation and governance to guide development. Its goal is to increase production and reserves in a cost-efficient way to deliver long-term value to shareholders.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Midland, Texas
Founded
2007
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?