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Diamondback Energy, Inc.
Energy · Oil & Gas Exploration & Production
One-minute company read
What this report can tell you now
What the company does
Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration, and production of unconventional and onshore hydrocarbon reserves, primarily in the Permian Basin of West Texas and New Mexico. The company targets geological formations such as the Spraberry and Wolfcamp in the Midland Basin and the Wolfcamp and Bone Spring in the Delaware Basin. As of December 31, 2021, Diamondback Energy controlled approximately 524,700 gross acres in the Permian Basin, with estimated proved reserves of 1,788,991 thousand barrels of crude oil equivalent. The company holds working interests in 5,289 gross producing wells and royalty interests in 6,455 wells, along with mineral interests across 930,871 gross acres and 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale.
The current research profile is Mixed Setup, with high valuation support. This is a starting point for investigation, not a forecast or recommendation.
Strongest visible signal
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What to investigate next
Read the latest filing or company update, check the period behind the metrics, and investigate the dimension with the weakest band above.
Before you draw a conclusion
- Read the latest filing or company update.
- Check the financial period behind each metric.
- Investigate the weakest score band and any missing evidence.
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