Diamondback Energy Inc
Diamondback Energy Energy Data Preview
In 2023, Diamondback Energy disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Diamondback Energy also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Diamondback Energy also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Diamondback Energy also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Diamondback Energy's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Energy Sold | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
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Insights into Diamondback Energy's Energy Renewability
In 2023, Diamondback Energy consumed a total of 9.27 million Gigajoules of energy across its operations. Of this total, 24.31% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 75.69% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Diamondback Energy's Energy Renewability Rate
How much of Diamondback Energy's energy consumed is renewable?
In 2023, Diamondback Energy consumed a total of 9.27 million Gigajoules of energy, of which 24.31% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This low level of renewable energy use highlights a heavy reliance on fossil fuels or other non-renewable sources, suggesting that Diamondback Energy has considerable room to improve its energy sustainability strategy.
Insights into Diamondback Energy's Energy Consumption & Production Mix
In 2023, Diamondback Energy disclosed detailed information on both the sources and generation technologies of its consumed and produced energy This disclosure enables a clearer assessment of the Diamondback Energy's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Diamondback Energy's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Diamondback Energy's energy consumption?
In 2023, Diamondback Energy's total energy consumption was primarily sourced from
- Electricity (Unspecified Source) (76.46%)
- Other Gaseous Fuel (23.24%)
- Diesel and Other Fuel (0.29%)
How diverse is Diamondback Energy’s energy consumption mix?
In 2023, Diamondback Energy consumed energy from 4 different sources or generation technologies, indicating a highly concentrated energy mix, with Electricity (Unspecified Source) alone accounting for 76.46% of total consumption.
What are the main sources or generation technologies used by Diamondback Energy to produce energy?
In 2023, Diamondback Energy's energy production came primarily from
- Crude Oil (64.7%)
- Natural Gas (22.32%)
- Liquefied Natural Gas (LNG) (12.99%)
How diverse is Diamondback Energy’s energy production mix?
In 2023, Diamondback Energy produced energy using 3 different sources or generation technologies. While moderately diverse, the production mix shows a partial dependence on Crude Oil (64.7%).
Diamondback Energy's Energy Produced by Sources and Technologies
Insights into Diamondback Energy's Energy Inflows & Self-Sufficiency
In 2023, Diamondback Energy reported total energy inflows of 937.16 million Gigajoules, which corresponds to the company's full energy needs, including energy consumed, redistributed, sold, or stored. This energy inflow was composed of 7.09 million Gigajoules purchased from external suppliers and 930.07 million Gigajoules generated through internal production. This corresponds to a production share of 99.24%.
Diamondback Energy's Energy Purchased vs Produced Over Time
- Total Energy Produced
- Total Energy Purchased