FANG - Diamondback Energy, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Diamondback Energy, Inc.

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

SectorEnergy
IndustryOil & Gas E&P
Full Time Employees711

Key Executives

NameTitlePayExercisedYear Born
Mr. Travis D. SticeCEO & Director2.99MN/A1962
Mr. Michael L. HollisPres, COO & Director1.55MN/A1975
Ms. Teresa L. DickChief Accounting Officer, Exec. VP & Assistant Sec.1.01MN/A1970
Mr. Russell D. PantermuehlExec. VP & Chief Engineer1.37MN/A1960
Mr. Kaes Van't HofCFO & Exec. VP of Bus. Devel.N/AN/A1987
Amounts are as of December 31, 2018 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, 2018, the company's net acreage position was approximately 461,218 acres in the Permian Basin; and estimated proved oil and natural gas reserves were 992,001 thousand barrels of crude oil equivalent. It also held working interests in 7,279 gross producing wells, as well as royalty interests in 2,645 additional wells. In addition, the company, through its subsidiary, Viper Energy Partners LP, owns mineral interests in approximately 532,295 gross acres and 14,841 net royalty acres in the Permian Basin and Eagle Ford Shale. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

Corporate Governance

Diamondback Energy, Inc.’s ISS Governance QualityScore as of April 1, 2019 is 9. The pillar scores are Audit: 1; Board: 10; Shareholder Rights: 8; Compensation: 3.

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.