Diamondback Energy

Website

Address

500 West Texas Ave, Suite 1200
Midland, TX 79701

Phone

432-221-7400

Company Description

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

Operations

Diamondback, ranks #5 in wells drilled in 2022 with 277 and averaged 17 drilling rigs. Diamondback, ranks #8 in Texas air permits approved with 45 in 2022.

Martin County, TX ranks #3 in the state for BOE produced in the most recent month (Jun 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 11,304 wells that have been drilled from Jan 1993 to Jun 2022.

Andrews County, TX ranks #15 in the state for BOE produced in the most recent month (Jun 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 21,381 wells that have been drilled from Jan 1993 to Jun 2022.

Midland County, TX ranks #1 in the state for BOE produced in the most recent month (Jun 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 13,804 wells that have been drilled from Jan 1993 to Jun 2022.

Glasscock County, TX ranks #11 in the state for BOE produced in the most recent month (Jun 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 7,259 wells that have been drilled from Jan 1993 to Jun 2022.

Reeves County, TX ranks #2 in the state for BOE produced in the most recent month (Jun 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 7,119 wells that have been drilled from Jan 1993 to Jun 2022.

Pecos County, TX ranks #19 in the state for BOE produced in the most recent month (Jun 2022). The information below is the summary of oil and gas data that goes back to 1993 and contains information on the 10,403 wells that have been drilled from Jan 1993 to Jun 2022.

Additional counties include Howard & Ward counties

The Midland Basin is located in the Permian Basin, which spans western Texas and eastern New Mexico, represents the most prolific hydrocarbon production region in the United States. They accounted for about 30% of U.S. crude oil production and 14% of U.S. natural gas production (measured as gross withdrawals) in 2020. Technology innovations, such as longer lateral wells and multi-well pad drilling, has helped reduce costs and increase productivity in developing oil and natural gas resources in the Permian Basin.