# Diamondback Energy

**Source:** https://www.startuphub.ai/startups/diamondback-energy
**Profile type:** Startup

> Independent oil and natural gas company focused on the Permian Basin.

## About

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, and Bone Spring formations. Diamondback Energy went public in 2012 and has grown into a top-tier independent producer through disciplined acquisition and operational excellence.

## Key facts

- **Slug:** diamondback-energy
- **Website:** https://www.diamondbackenergy.com/
- **Location:** Midland, United States
- **Founded:** 2007-12-01
- **Operating status:** Active
- **Total funding:** $205M
- **Sectors / tags:** Oil and Gas Exploration, Petroleum Industry, Natural Gas, Natural Gas Liquids, Permian Basin, Energy Production, Onshore Oil and Gas Reserves

## Frequently asked

### What does Diamondback Energy do?

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, Texas, focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The company's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, and Bone Spring formations. Diamondback Energy went public in 2012 and has grown into a top-tier independen…

### What is Diamondback Energy's valuation?

StartupHub estimates Diamondback Energy's effective valuation at $859.3M (range $511.5M to $1.2B, 10% confidence), based on comparable companies in the sector.

### How much funding has Diamondback Energy raised?

Diamondback Energy has raised a total of $205M in funding. The most recent round on record is IPO.

### Where is Diamondback Energy headquartered?

Diamondback Energy is headquartered in Midland, United States.

### When was Diamondback Energy founded?

Diamondback Energy was founded in 2007.

### What industry does Diamondback Energy operate in?

Diamondback Energy operates in Oil and Gas Exploration, Petroleum Industry, Natural Gas, Natural Gas Liquids, Permian Basin, Energy Production.

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