Diamondback Energy is an American energy company engaged in hydrocarbon exploration and headquartered in Midland, Texas.
As of December 31, 2020, the company had 1,316 million barrels of oil equivalent of estimated proved reserves, of which 58% was petroleum, 20% was natural gas, and 22% was natural gas liquids. The company's reserves are all in the Permian Basin.
The company began operations in December 2007 with the acquisition of 4,174 net acres in the Permian Basin.
In October 2012, the company became a public company via an initial public offering, issuing 12,500,000 shares of common stock at a price of $17.50 per share.
In March 2017, the company acquired assets from Brigham Resources for $2.55 billion.
In October 2018, the company acquired the assets of Ajax Resources for $1.25 billion.
In November 2018, the company acquired Energen.
In February 2021, the company acquired leasehold interests and assets from Guidon Resources for $375 million in cash and 10.68 million shares.
In March 2021, the company acquired QEP Resources.
Highest paying job titles at Diamondback Energy Inc include Senior Accountant, Accounts Payable Specialist, and Data Analyst