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Industry Center - Independent Oil & Gas
Industry Center > Independent Oil & Gas > Diamondback Energy, Inc. Company Profile
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Diamondback Energy, Inc. Company Profile
Diamondback Energy is not selling snake oil. It is selling crude oil. The company is engaged in the exploration and production of unconventional oil and natural gas reserves in the Permian Basin in West Texas. In particular it is focusing on the oil-rich Wolfberry play, which has a long production history, long-lived reserves, and proven drilling success rates. In 2011 Diamondback Energy reported estimated proved oil and natural gas reserves of 24.8 billion barrels of oil equivalent and more than 28,140 net acres of leasehold properties. It operates more than 140 wells. The company raised $218 million in an initial public offering (IPO) in 2012.
Headlines for Diamondback Energy, Inc.
Wunderlich Securities Sees Multiple Positive Factors For Diamondback Energy
- Mon Oct 20
Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2014 Production
GlobeNewswire - Thu Oct 16
Major Indexes Turn Higher; F5 Networks, Baidu Rally
at Investor's Business Daily, Inc. - Mon Oct 13
Use Oil Prices And Stock Charts To Sell Energy Leaders Near Peak
Investor's Business Daily, Inc. - Thu Oct 9
More Headlines...
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Contact Information
Address: 500 West Texas, Ste. 1225
Midland, TX 79701
Phone:432-617-0511
Fax:
Financial Highlights
Fiscal Year End:December
Revenue (2013):208.00 M
Revenue Growth (1 yr):177.50%
Employees (2013):68
Employee Growth (1 yr):30.80%
Industry Information
Sector: Basic Materials
Industry: Independent Oil & Gas
Top Competitors
Concho Resources Inc. (cxo)
Linn Energy, LLC (line)
Occidental Permian, Ltd.
 


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