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Diamondback Energy

NASDAQ:FANG
1 min read

Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin.

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Diamondback Energy is an independent oil and gas producer in the United States. The company operates exclusively in the Permian Basin. At the end of 2021, the company reported net proven reserves of 1.8 billion barrels of oil equivalent. Net production averaged about 375,000 barrels per day in 2021, at a ratio of 60% oil, 20% natural gas liquids, and 20% natural gas.

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