Diamondback Energy, Inc. (FANG) is a publicly traded company in the Energy sector, operating within the Oil & Gas Exploration & Production industry. The company is headquartered in Midland, TX, United States. The current CEO is Matthew Kaes Van't Hof.
FANG has IPO date of 2012-10-12, 1,983 full-time employees, listed on the NASDAQ Global Select, a market capitalization of $52.47B.
Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, and production of unconventional onshore reserves in the Permian Basin spanning West Texas and New Mexico. The company operates significant acreage across the Spraberry and Wolfcamp formations in the Midland Basin and the Wolfcamp and Bone Spring formations in the Delaware Basin, with approximately 524,700 gross acres and proved reserves of 1.79 billion barrels of crude oil equivalent as of December 2021. Diamondback maintains working interests in over 5,200 producing wells and holds additional royalty interests and mineral rights across the Permian Basin and Eagle Ford Shale. Beyond exploration and production, the company owns and operates midstream infrastructure assets, including crude oil gathering pipelines and integrated water systems serving the Midland and Delaware Basins. Founded in 2007, Diamondback Energy has established itself as a key independent energy producer with vertically integrated operations.
