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Diamondback Energy, Inc. (FANG)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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43.52-1.87 (-4.12%)
At close: 1:00PM EST

Diamondback Energy, Inc.

500 West Texas Avenue
Suite 1200
Midland, TX 79701
United States
432 221 7400
http://www.diamondbackenergy.com

Sector(s)Energy
IndustryOil & Gas E&P
Full Time Employees712

Key Executives

NameTitlePayExercisedYear Born
Mr. Travis D. SticeCEO & Director3.62MN/A1962
Mr. Matthew Kaes Van't HofCFO & Exec. VP of Bus. Devel.1.66MN/A1987
Ms. Teresa L. DickChief Accounting Officer, Exec. VP & Assistant Sec.1.02MN/A1970
Mr. P. Matt ZmigroskyExec. VP, Gen. Counsel & Sec.894.21kN/A1979
Mr. Russell D. PantermuehlExec. VP & Chief Engineer1.4MN/A1960
Mr. Thomas F. HawkinsExec. VP of Land844.23kN/A1954
Mr. Daniel N. WessonExec. VP of OperationsN/AN/A1984
Mr. Adam T. LawlisVP of Investor RelationsN/AN/AN/A
Ms. Jennifer SolimanExec. VP & Chief HR OfficerN/AN/A1970
Mr. David L. CannonSr. VP of Geoscience and TechnologyN/AN/AN/A
Amounts are as of December 31, 2019 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico. As of December 31, 2019, the company's total acreage position was approximately 455,378 gross acres in the Permian Basin; and estimated proved oil and natural gas reserves were 1,127,575 thousand barrels of crude oil equivalent. It also held working interests in 2,656 gross producing wells, as well as royalty interests in 4,161 additional wells. In addition, the company owns mineral interests approximately 814,224 gross acres and 24,304 net royalty acres in the Permian Basin and Eagle Ford Shale; and owns, operates, develops, and acquires midstream infrastructure assets, such as 867 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system in the Midland and Delaware Basins of the Permian Basin. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Corporate Governance

Diamondback Energy, Inc.’s ISS Governance QualityScore as of November 1, 2019 is 9. The pillar scores are Audit: 1; Board: 7; Shareholder Rights: 7; Compensation: 9.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.