Diamondback

FANG NASDAQ
104.12
-0.42
-0.40%
Opening 13:17 06/19 EDT
Open
104.10
Prev Close
104.54
High
105.39
Low
102.87
Volume
452.63K
Avg Vol (3M)
1.79M
52 Week High
140.78
52 Week Low
85.19
% Turnover
0.27%
Market Cap
17.15B
1D
5D
1M
3M
1Y
5Y

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Company Profile

Diamondback Energy, Inc. is an independent oil and natural gas company. The Company focuses on the acquisition, development, exploration and exploitation of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. As of December 31, 2016, the Company's total net acreage position in the Permian Basin was approximately 105,894 net acres. As of December 31, 2016, the Company, through its subsidiary, Viper Energy Partners LP (Viper), owned mineral interests underlying approximately 107,568 gross acres primarily in Midland County, Texas in the Permian Basin. The Permian Basin area covers a portion of western Texas and eastern New Mexico. The Company's reserves are located in the Permian Basin of West Texas, in particular in the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations. The Company refers to the Clearfork, Spraberry, Wolfcamp, Strawn and Atoka formations collectively as the Wolfberry play.
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