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Diamondback Energy Inc (NASDAQ: FANG) |
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Price: $202.6300
$2.98 
1.493%
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| Day's High:
| $204.5800018310547
| Week Perf:
| -0.39 %
|
| Day's Low: |
$ 200.22 |
30 Day Perf: |
1.84 % |
| Volume (M): |
1,526,277 |
52 Wk High: |
$ 216.90 |
| Volume (M$): |
$ 0 |
52 Wk Avg: |
$173.77 |
| Open: |
$202.17 |
52 Wk Low: |
$134.30 |
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| Market Capitalization (Millions $) |
56,980 |
| Shares
Outstanding (Millions) |
281 |
| Employees |
1,762 |
| Revenues (TTM) (Millions $) |
17,102 |
| Net Income (TTM) (Millions $) |
1,824 |
| Cash Flow (TTM) (Millions $) |
-45 |
| Capital Exp. (TTM) (Millions $) |
6,461 |
Business Description
Diamondback Energy Inc. Overview
Company Profile:
Diamondback Energy Inc. is an independent oil and natural gas exploration and production company specialized in acquiring, developing, and exploiting unconventional, onshore oil and natural gas reserves. The company primarily operates in the Permian Basin, one of the most prolific oil-producing regions in North America, located in West Texas and New Mexico.
Operations & Assets:
Established in December 2007, Diamondback Energy started its journey with the acquisition of 4,174 net acres in the Permian Basin. As of the latest update, the companys total net acreage position in the Permian Basin approximates 105,894 net acres. Diamondback also controls a subsidiary, Viper Energy Partners LP, that possesses mineral interests under approximately 107,568 gross (6,404 net royalty) acres mainly situated in Midland County, Texas, which is part of the Permian Basin. About 41% of these net acres are operated by Diamondback Energy, significantly contributing to its operational efficiency and control.
Target Formations:
The companys drilling activities focus on the horizontal development of the Spraberry and Wolfcamp formations in the Midland Basin as well as the Wolfcamp and Bone Spring formations in the Delaware Basin. The characteristics of the Permian Basin — including high oil yields, multiple productive horizons, and historical drilling successes — position Diamondback for significant resource recovery.
Drilling Inventory and Potential:
Diamondback Energy boasts a multi-year drilling inventory indicative of their operational strengths within the Permian Basin. Current assessments estimate approximately 2,722 gross (1,802 net) economically viable horizontal drilling locations on their acreage, based on geological and engineering evaluations. This detailed inventory spans various horizons, each with differing lateral lengths, accounting for operational flexibility.
For instance, approximately:
- 2,223 of the identified locations are situated in the Midland Basin.
- 499 locations are in the Delaware Basin.
Specific formations include different counts based on the estimated spacing for optimal drilling—such as:
- Lower Spraberry or Wolfcamp B
- Wolfcamp A or Middle Spraberry
- Clearfork or Cline horizons and several Bone Spring horizons.
The estimated ultimate recoveries (EURs) of their horizontal wells range significantly, suggesting a robust potential for oil and gas extraction per well.
Management Team:
Diamondback Energy benefits from a seasoned management team that averages over 25 years of industry experience. This depth of expertise is critical, particularly within the opportunities presented by resource play development in the Permian Basin. The leadership has demonstrated proficiency in executing multi-rig drilling programs and has considerable backgrounds in horizontal drilling techniques and reservoir evaluations.
Operating Environment:
The company’s focus on the Permian Basin allows it to capitalize on a stable and established production landscape. This specific environment enhances predictability in operations and reduces the operational risks typical of less mature hydrocarbon basins.
Operational Control:
Significantly, Diamondback operates approximately 98% of its Permian Basin acreage, conferring a high degree of operational control. This autonomy not only enhances the execution of their strategies to optimize returns but also facilitates ongoing improvements in drilling and completion practices. Operational control allows Diamondback to adjust its capital expenditures in response to market conditions efficiently, ensuring a strategic approach to commodity fluctuations.
Conclusion:
Overall, Diamondback Energy Inc. remains a formidable player in the oil and gas industry, leveraging its extensive operations in the resource-rich Permian Basin, a robust inventory of drilling locations, and a skilled management team to drive future growth and profitability.
Company Address: 500 West Texas Ave., Midland 79701 TX
Company Phone Number: 221-7400 Stock Exchange / Ticker: NASDAQ FANG
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Customers Net Income grew by |
FANG's Customers Net Profit Margin grew to |
136.68 % |
11.46 %
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| Stock Performances by Major Competitors |
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| Merger and Acquisition
Published Tue, Apr 1 2025 8:02 PM UTC
Diamondback Energy, Inc. Announces Closing of Double Eagle Acquisition Amidst Leadership TransitionMIDLAND, Texas, April 1, 2025 – Diamondback Energy, Inc. (NASDAQ: FANG), a prominent player in the oil and gas production sector, proudly announced the completion of its acquisition of certain subsidiaries of Double Eagle IV Midco, LLC (Double Eagle). This strategic move, fin...
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| Merger and Acquisition
Published Tue, Feb 18 2025 11:00 AM UTC
Breaking News MIDLAND, Texas, Feb. 18, 2025 — Diamondback Energy, Inc. (NASDAQ: FANG) has announced a strategic move to enhance its portfolio in the oil and gas industry by entering a definitive purchase agreement to acquire certain subsidiaries of Double Eagle IV Midco, LLC. The acquisition, referred to as the Double Eagle Acquisition, involves a transaction valued at app...
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| Management Changes
Published Thu, Feb 20 2025 9:01 PM UTC
Pioneering Leadership and Sustainable Innovation: Diamondback Energy s Strategic Transition and Electric Initiatives in the Permian BasinIn a notable evolution earmarking its commitment to both corporate sustainability and operational excellence, Diamondback Energy, Inc. has announced a comprehensive leadership transition plan effective from its 2025 Annual Meeting of Stock...
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| Partnership
Published Fri, Dec 13 2024 4:32 PM UTC
Pioneering Energy Solutions: Diamondback Energy s Strategic Moves Amid Industry ShiftsIn a groundbreaking endeavor to revolutionize energy operations, Diamondback Energy Inc. in partnership with Halliburton Energy Services and VoltaGrid LLC, has charted new territories by signing an agreement to deploy four state-of-the-art electric simul-frac fleets in the Permian Basin. T...
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| Shares
Published Mon, Nov 4 2024 9:02 PM UTC
Midland, Texas - November 4, 2024 In an era where transparency and strategic foresight drive stockholder confidence, Diamondback Energy, Inc. (NASDAQ: FANG) has meticulously communicated its recent corporate actions and financial positioning through a series of important announcements, highlighted most recently in their letter to stockholders. Strengthening with Strategic Co...
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Fundamental Analysis
| Per Share |
Current |
| Earnings (TTM) |
4.84 $ |
| Revenues (TTM) |
60.82 $
|
| Cash Flow (TTM) |
- |
| Cash |
1.65 $
|
| Book Value |
156.42 $
|
| Dividend (TTM) |
4.15 $ |
| Efficiency
|
Current |
| Revenue per Employee
(TTM) |
9,706,016 |
| Net
Income per Employee (TTM) |
1,035,187 |
| Receivable Turnover Ratio (TTM) |
11.57 |
| Inventory Turnover Ratio (TTM) |
- |
| Asset Turnover Ratio (TTM) |
0.24 |
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| Per Share |
|
| Earnings (TTM) |
4.84 $
|
| Revenues (TTM) |
60.82 $ |
| Cash Flow (TTM) |
- |
| Cash |
1.65 $
|
| Book Value |
156.42 $ |
| Dividend (TTM) |
4.15 $ |
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| Oil Exploration and Production |
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 145.13 % |
of total Revenue |
| Natural Gas, Production |
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-4.58 % |
of total Revenue |
| Natural Gas Liquids Production |
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14.28 % |
of total Revenue |
| Oil Purchased |
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20.21 % |
of total Revenue |
| Oil, Natural Gas, and Natural Gas Liquid |
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154.82 % |
of total Revenue |
| Aggregate Revenues |
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175.64 % |
of total Revenue |
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1.22% 