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Industry Center - Independent Oil & Gas
Industry Center > Independent Oil & Gas > Diamondback Energy Services LLC Company Profile
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Diamondback Energy Services LLC 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 Services LLC
5 Energy Stocks to Watch for Gains This Earnings Season - 59 minutes ago
DIAMONDBACK ENERGY, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits
EDGAR Online - Thu 8:26 am ET
Diamondback Energy Launches Proposed $500 Million Offering of Senior Notes to Repurchase its Outstanding 7.625% Senior Notes Due 2021
GlobeNewswire - Thu 8:20 am ET
8:20 am Diamondback Energy announces a $500 mln offering of senior notes due 2024 to repurchase its outstanding 7.625% senior notes due 2021
- Thu 8:20 am ET
More Headlines...
More on Diamondback Energy Services LLC
Quote Financials
Profile Analyst Ratings
Contact Information
Address: 500 W. Texas Ave., Ste. 1200
Midland, TX 79701
Financial Highlights
Fiscal Year End:December
Revenue (2014):495.70 M
Revenue Growth (1 yr):138.30%
Employees (2014):114
Employee Growth (1 yr):67.60%
Industry Information
Sector: Basic Materials
Industry: Independent Oil & Gas
Top Competitors
Concho Resources Inc. (cxo)
Occidental Permian Ltd.

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