DIAMONDBACK ENERGY,

FANG
Delayed Quote. Delayed  - 12/03 04:00:00 pm
106USD -0.40%
Business Summary
Energy
Energy - Fossil Fuels
 Oil & Gas
  Oil & Gas Exploration and Production
   Other Oil & Gas Exploration and Production
Diamondback Energy, Inc. is an independent oil and natural gas company. The Company operates in two segments, which include the upstream segment and the midstream operations segment. The upstream segment is engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The midstream operations segment is focused on owning, operating, developing and acquiring midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. The Company has approximately 542,242 net acres, which primarily consisted of approximately 264,777 net acres in the Midland Basin and 149,309 net acres in the Delaware Basin. Its upstream segment activities are primarily directed at the horizontal development of the Wolfcamp and Spraberry formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin within the Permian Basin.

Number of employees : 732 people.
Sales per Business
20192020
Upstream3 891.0098.2%2 756.0098%
Midstream Services73.001.8%57.002%
USD in Million
Sales per region
20192020
United States3 964.00100%2 813.00100%
USD in Million
Managers
Name Title
Travis D. Stice Chief Executive Officer & Director
Matthew Kaes Van't Hof CFO & Executive VP-Business Development
Steven Emory West Chairman
David L. Cannon Senior Vice President-Geoscience & Technology
Greg Dolezal Vice President-Information Technology
Daniel N. Wesson Executive Vice President-Operations
Michael P. Cross Independent Director
David L. Houston Independent Director
Mark Lawrence Plaumann Independent Director
Melanie Montague Trent Lead Independent Director
Shareholders
Name Equities %
The Vanguard Group, Inc. 19,698,602 10.9%
Capital Research & Management Co. (Global Investors) 11,091,595 6.13%
Blackstone Corporate Private Equity 10,676,116 5.90%
SSgA Funds Management, Inc. 10,565,590 5.84%
JPMorgan Investment Management, Inc. 8,871,033 4.90%
Icahn Associates Holding LLC 5,187,236 2.87%
Boston Partners Global Investors, Inc. 4,813,539 2.66%
BlackRock Fund Advisors 4,023,987 2.22%
Geode Capital Management LLC 3,332,306 1.84%
Harris Associates LP 3,283,437 1.81%
Company contact information
Diamondback Energy, Inc.
500 West Texas Avenue
Suite 1200
Midland, TX 79701

Phone : +1.432.221.7400
Web : http://www.diamondbackenergy.com
Sector Other Oil & Gas Exploration and Production
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