Diamondback Energy

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, TX. Diamondback’s growth strategy is focused on the acquisition, development, exploration and exploitation of unconventional, long-life, onshore oil and natural gas reserves in the major oil producing Permian Basin in West Texas. The Company’s operations are directed primarily at the large acreage areas of the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, collectively known as the Wolfberry Trend.

Type
Public
HQ
Midland, US
Founded
2007
Employees
141 (est)
Diamondback Energy was founded in 2007 and is headquartered in Midland, US

Diamondback Energy Locations

Midland, US

Diamondback Energy Metrics

Diamondback Energy Summary

Market capitalization

$7.85 B

Closing share price

$100
Diamondback Energy's current market capitalization is $7.85 B.

Diamondback Energy Financials

Diamondback Energy's revenue is $447 M in FY, 2015 which is 9.88% decrease from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

$208 M$496 M$447 M

Operating income

$95.2 M$213 M$-740 M

Operating expense total

$113 M$283 M$1.19 B

Net Income

$54.6 M$196 M$-548 M

Operating cash flow

$-10.8 M$14.6 M$-10.1 M

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