Diamondback Energy, Inc. history, company profile (overview) and history video
Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas, United States.
The company focuses on the acquisition, development, exploration and exploitation of onshore oil and natural gas reserves in the Permian Basin in West Texas. The Permian Basin is one of the largest sedimentary basins in the U.S.
HISTORY
Diamondback Energy began operations in 2007 with the acquisition of 4,174 net acres in the Permian Basin.
In 2012, the company became a public company via an initial public offering (IPO).
In 2017, the company acquired assets from Brigham Resources.
In 2018, the company acquired the assets of Ajax Resources.
In 2018, the company acquired Energen.
In February 2021, the company acquired assets from Guidon Resources.
In March 2021, the company acquired QEP Resources.
With more than 850 employees, Diamondback Energy, Inc. is considered one of the Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and ir.diamondbackenergy.com.
**Video published on YouTube by “Companies History“.