Diamondback Energy is an independent oil and natural gas producer based in Midland, Texas, concentrating its operations in the Permian Basin, one of the most prolific oil-producing regions in the United States. The company focuses on acquiring, developing, exploring, and exploiting unconventional onshore oil and natural gas reserves, particularly in formations such as Spraberry, Wolfcamp, and Bone Spring. As of 2023, Diamondback reported net proven reserves of approximately 2.2 billion barrels of oil equivalent and an average production of around 448,000 barrels per day, comprising 59% oil, 21% natural gas liquids, and 20% natural gas. The company has significant acreage holdings in the Permian Basin, including working interests in numerous producing wells and extensive midstream infrastructure, such as thousands of miles of gathering pipelines. Established in 2007, Diamondback Energy has established itself as a key player in the energy sector, focusing on long-term growth in oil and gas production.
Endeavor Energy Resources is an oil and gas drilling company that specializes in operations within the Midland Basin. The company offers a comprehensive range of drilling services, including pulling units, roustabout crews, water hauling, hot oilers, welding, wireline logging, and the plugging of water disposals. Additionally, Endeavor provides crude oil gathering and marketing, along with gas transportation services. These services are designed to help clients minimize drilling time, reduce operational effort, and enhance overall production efficiency.
Lario Permian - Assets
Acquisition in 2022
Lario Permian - Assets is a company that provides oil and gas services.
FireBird Energy II
Acquisition in 2022
FireBird Energy II, established in 2018, is a Texas-based upstream oil and gas company. It operates in the Western Midland Basin, developing and managing crude oil and natural gas producing assets. The company is headquartered in Sugar Land, Texas, with a focus on the responsible acquisition and development of assets in the Midland Basin. FireBird Energy II also operates as a midstream company, serving producers by managing gathering, processing, and treating assets such as pipelines, gas processing plants, and saltwater disposal wells. This allows the company to facilitate strategic acquisitions and repurpose facilities to develop properties in a fiscally and socially responsible manner.
Rattler Midstream Partners
Acquisition in 2022
Rattler Midstream Partners is a midstream oil and gas company that focuses on the ownership, operation, development, and acquisition of midstream infrastructure assets primarily in the Midland and Delaware Basins of the Permian. The company offers a range of services related to crude oil, natural gas, and water, including freshwater sourcing, transportation, and saltwater gathering and disposal. Rattler Midstream Partners serves its customers under long-term, fixed-fee contracts, emphasizing reliable service in the energy sector.
Energen
Acquisition in 2018
Energen Corporation, through its subsidiary Energen Resources Corporation, is an independent oil and gas exploration and production company based in Birmingham, Alabama. Founded in 1929, the company focuses on the exploration, development, and production of oil, natural gas liquids, and natural gas, primarily within the Midland Basin, Delaware Basin, and Central Basin Platform areas of the Permian Basin in west Texas and New Mexico. Energen has identified significant resource potential in its acreage, with thousands of potential drilling locations and substantial undeveloped reserves. The company had total proved reserves of 444 million barrels of oil equivalent as of December 31, 2017. Energen operates as a subsidiary of Diamondback Energy, Inc.
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