Website
Address
500 W TEXAS AVE STE 1200
Midland, TX, 79701-4203
Phone
405.463.6900
Company Description
Diamondback 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.
Diamondback Energy ranks #8 in wells drilled in 2023 with 398 wells drilled in the US
Diamondback Energy ranks #4 in wells drilled in 2023 with 391 wells drilled in the Permian Basin
Operations
Diamondback holds about 268,000 net Midland basin acres and 153,000 net Delaware basin acres.
Diamondback Counties Property Owned
Martin County, TX ranks #3 in the state for BOE produced in the most recent month (Jun 2022).
Andrews County, TX ranks #15 in the state for BOE produced in the most recent month (Jun 2022).
Midland County, TX ranks #1 in the state for BOE produced in the most recent month (Jun 2022).
Glasscock County, TX ranks #11 in the state for BOE produced in the most recent month (Jun 2022).
Reeves County, TX ranks #2 in the state for BOE produced in the most recent month (Jun 2022).
Pecos County, TX ranks #19 in the state for BOE produced in the most recent month (Jun 2022).
Additional counties include Howard & Ward counties
Permit Download Center
Diamondback Operating Oil Wells Drilled
Diamondback Operating Drilling Rigs
Diamondback Operating Air Permits
Diamondback Operating Permit Summary
Diamondback Operating Operations Map
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Diamondback Operating Update
Q1 2023 Operations Update
During the first quarter of 2023, Diamondback averaged 18 drilling rigs and drilled 70 gross wells in the Midland Basin and 12 gross wells in the Delaware Basin. The Company turned 69 operated wells to production in the Midland Basin and 19 gross wells in the Delaware Basin with an average lateral length of 10,829 feet. Operated completions during the first quarter consisted of 23 Wolfcamp A wells, 20 Lower Spraberry wells, 15 Wolfcamp B wells, 11 Jo Mill wells, seven Third Bone Spring wells, six Second Bone Spring wells, five Middle Spraberry wells and one Barnett well.
During the first quarter of 2023, Diamondback spent $580 million on operated and non-operated drilling and completions, $42 million on infrastructure and environmental and $35 million on midstream, for total cash capital expenditures of $657 million.