$FANG
Diamondback Energy, Inc.

2013 Q2 Form 10-Q Financial Statement

#000153983813000053 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $45.39M $16.03M
YoY Change 183.18% 38.52%
Cost Of Revenue $8.500M $4.400M
YoY Change 93.18% 62.96%
Gross Profit $36.90M $11.60M
YoY Change 218.1% 33.33%
Gross Profit Margin 81.29% 72.36%
Selling, General & Admin $2.355M $1.005M
YoY Change 134.33% 11.67%
% of Gross Profit 6.38% 8.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.82M $5.659M
YoY Change 161.8% 48.92%
% of Gross Profit 40.15% 48.78%
Operating Expenses $26.01M $11.72M
YoY Change 121.88% 144.23%
Operating Profit $19.38M $4.307M
YoY Change 350.03% 5.9%
Interest Expense $535.0K $1.173M
YoY Change -54.39% -295.5%
% of Operating Profit 2.76% 27.23%
Other Income/Expense, Net $2.890M $9.317M
YoY Change -68.98%
Pretax Income $22.27M $13.62M
YoY Change 63.48% 300.71%
Income Tax $7.802M $0.00
% Of Pretax Income 35.03% 0.0%
Net Earnings $14.47M $13.62M
YoY Change 6.22% 294.56%
Net Earnings / Revenue 31.88% 84.99%
Basic Earnings Per Share $0.37 $0.60
Diluted Earnings Per Share $0.36 $0.60
COMMON SHARES
Basic Shares Outstanding 39.40M shares
Diluted Shares Outstanding 39.72M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $82.00M $2.000M
YoY Change 4000.0%
Cash & Equivalents $81.90M $2.341M
Short-Term Investments
Other Short-Term Assets $4.000M $2.000M
YoY Change 100.0%
Inventory $6.271M $6.000M
Prepaid Expenses
Receivables $24.00M $15.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $116.5M $25.00M
YoY Change 366.14%
LONG-TERM ASSETS
Property, Plant & Equipment $681.2M $256.0M
YoY Change 166.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change
Other Assets $931.0K $2.000M
YoY Change -53.45%
Total Long-Term Assets $682.1M $258.0M
YoY Change 164.38%
TOTAL ASSETS
Total Short-Term Assets $116.5M $25.00M
Total Long-Term Assets $682.1M $258.0M
Total Assets $798.6M $283.0M
YoY Change 182.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.00M $12.00M
YoY Change 91.67%
Accrued Expenses $66.00M $23.00M
YoY Change 186.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $10.00M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $97.49M $52.00M
YoY Change 87.48%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $104.0M
YoY Change -100.0%
Other Long-Term Liabilities $2.000M $3.000M
YoY Change -33.33%
Total Long-Term Liabilities $2.000M $107.0M
YoY Change -98.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $97.49M $52.00M
Total Long-Term Liabilities $2.000M $107.0M
Total Liabilities $171.0M $159.0M
YoY Change 7.57%
SHAREHOLDERS EQUITY
Retained Earnings -$32.21M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $627.6M $124.0M
YoY Change
Total Liabilities & Shareholders Equity $798.6M $283.0M
YoY Change 182.2%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $14.47M $13.62M
YoY Change 6.22% 294.56%
Depreciation, Depletion And Amortization $14.82M $5.659M
YoY Change 161.8% 48.92%
Cash From Operating Activities $32.90M $3.100M
YoY Change 961.29% -60.76%
INVESTING ACTIVITIES
Capital Expenditures -$64.60M -$23.60M
YoY Change 173.73% 37.21%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.400M
YoY Change -100.0% -442.86%
Cash From Investing Activities -$64.60M -$26.10M
YoY Change 147.51% 59.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 108.0M 16.00M
YoY Change 575.0% 61.62%
NET CHANGE
Cash From Operating Activities 32.90M 3.100M
Cash From Investing Activities -64.60M -26.10M
Cash From Financing Activities 108.0M 16.00M
Net Change In Cash 76.30M -7.000M
YoY Change -1190.0% -600.0%
FREE CASH FLOW
Cash From Operating Activities $32.90M $3.100M
Capital Expenditures -$64.60M -$23.60M
Free Cash Flow $97.50M $26.70M
YoY Change 265.17% 6.37%

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CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Net Income Loss Available To Common Stockholders Diluted
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us-gaap Notes Issued1
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us-gaap Notes Issued1
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us-gaap Payments For Derivative Instrument Investing Activities
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us-gaap Payments For Derivative Instrument Investing Activities
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Oil And Gas Property
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us-gaap Payments To Acquire Oil And Gas Property
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637000 USD
us-gaap Payments To Acquire Other Productive Assets
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us-gaap Payments To Explore And Develop Oil And Gas Properties
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us-gaap Payments To Explore And Develop Oil And Gas Properties
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us-gaap Pro Forma Weighted Average Shares Outstanding Diluted
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us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
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us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
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ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
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us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
0 USD
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
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us-gaap Proceeds From Related Party Debt
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0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
14100000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
54000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2012Q4 us-gaap Property Plant And Equipment Other
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CY2013Q2 us-gaap Property Plant And Equipment Other
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CY2013Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
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CY2012Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
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CY2012Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
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CY2013Q2 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
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us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
552000 USD
us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
1357000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
49000000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32207000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
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us-gaap Share Based Compensation
ShareBasedCompensation
936000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
582000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
144491000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
462068000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:5px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </font></div><div style="line-height:120%;padding-top:5px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts included in or affecting the Company&#8217;s combined consolidated financial statements and related disclosures must be estimated by management, requiring certain assumptions to be made with respect to values or conditions that cannot be known with certainty at the time the combined consolidated financial statements are prepared. These estimates and assumptions affect the amounts the Company reports for assets and liabilities and the Company&#8217;s disclosure of contingent assets and liabilities at the date of the combined consolidated financial statements. Actual results could differ from those estimates.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company evaluates these estimates on an ongoing basis, using historical experience, consultation with experts and other methods the Company considers reasonable in the particular circumstances. Nevertheless, actual results may differ significantly from the Company&#8217;s estimates. Any effects on the Company&#8217;s business, financial position or results of operations resulting from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known. Significant items subject to such estimates and assumptions include estimates of proved oil and natural gas reserves and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas properties, asset retirement obligations, the fair value determination of acquired assets and liabilities, stock-based compensation, fair value estimates of commodity derivatives and estimates of income taxes. </font></div></div>
CY2012Q2 us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
14697496 shares
us-gaap Weighted Average Basic Shares Outstanding Pro Forma
WeightedAverageBasicSharesOutstandingProForma
14697496 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
316292 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
239570 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
38476719 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
39718574 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
38237149 shares
CY2012Q4 fang Accounts Receivable Oil And Natural Gas Sales Current
AccountsReceivableOilAndNaturalGasSalesCurrent
8081000 USD
CY2013Q2 fang Accounts Receivable Oil And Natural Gas Sales Current
AccountsReceivableOilAndNaturalGasSalesCurrent
16374000 USD
fang Asset Retirement Obligation Additional Liability Incurred
AssetRetirementObligationAdditionalLiabilityIncurred
95000 USD
fang Asset Retirement Obligation Additional Liability Incurred
AssetRetirementObligationAdditionalLiabilityIncurred
111000 USD
fang Asset Retirement Obligation Obligation Incurred Revision Of Estimate
AssetRetirementObligationObligationIncurredRevisionOfEstimate
111000 USD
fang Asset Retirement Obligation Obligation Incurred Revision Of Estimate
AssetRetirementObligationObligationIncurredRevisionOfEstimate
95000 USD
CY2012Q2 fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.26
fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
23.70
CY2013Q2 fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.42
fang Average Depletion Rate Per Barrelof Oil Equivalents Boe
AverageDepletionRatePerBarrelofOilEquivalentsBOE
24.44
CY2012Q2 fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
1083000 USD
fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
1640000 USD
CY2013Q2 fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
843000 USD
fang Costs Incurred Exploration And Development Costs
CostsIncurredExplorationAndDevelopmentCosts
1775000 USD
CY2012Q4 fang Deferred Revenue And Royalties Payable Current
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3270000 USD
CY2013Q2 fang Deferred Revenue And Royalties Payable Current
DeferredRevenueAndRoyaltiesPayableCurrent
5020000 USD
fang Depreciation Depletion And Amortization Net Of Depreciation Reported In Oil And Natural Gas Services
DepreciationDepletionAndAmortizationNetOfDepreciationReportedInOilAndNaturalGasServices
10416000 USD
fang Depreciation Depletion And Amortization Net Of Depreciation Reported In Oil And Natural Gas Services
DepreciationDepletionAndAmortizationNetOfDepreciationReportedInOilAndNaturalGasServices
25553000 USD
fang Distribution Of Equity Method Investments
DistributionOfEquityMethodInvestments
10504000 USD
fang Distribution Of Equity Method Investments
DistributionOfEquityMethodInvestments
0 USD
CY2012Q2 fang Earnings Per Share Basic And Diluted Pro Forma
EarningsPerShareBasicAndDilutedProForma
0.60
fang Earnings Per Share Basic And Diluted Pro Forma
EarningsPerShareBasicAndDilutedProForma
0.66
fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-2399000 USD
fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-3473000 USD
CY2012Q2 fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-2108000 USD
CY2013Q2 fang Gain Loss On Price Risk Derivative Instruments Settled During Period Not Designated As Hedging Instruments
GainLossOnPriceRiskDerivativeInstrumentsSettledDuringPeriodNotDesignatedAsHedgingInstruments
-856000 USD
CY2012Q2 fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
44000 USD
fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
274000 USD
fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
94000 USD
CY2013Q2 fang Gas Gathering Transportation Marketing And Processing Costs Related Party
GasGatheringTransportationMarketingAndProcessingCostsRelatedParty
216000 USD
fang Income Loss From Equity Method Investments Operating Activities
IncomeLossFromEquityMethodInvestmentsOperatingActivities
0 USD
fang Income Loss From Equity Method Investments Operating Activities
IncomeLossFromEquityMethodInvestmentsOperatingActivities
-67000 USD
fang Income Tax Expense Benefit Pro Forma
IncomeTaxExpenseBenefitProForma
5384000 USD
CY2012Q2 fang Income Tax Expense Benefit Pro Forma
IncomeTaxExpenseBenefitProForma
4857000 USD
fang Increase Decrease In Deferred Revenue And Royalties Payable
IncreaseDecreaseInDeferredRevenueAndRoyaltiesPayable
-349000 USD
fang Increase Decrease In Deferred Revenue And Royalties Payable
IncreaseDecreaseInDeferredRevenueAndRoyaltiesPayable
1750000 USD
fang Increase Decrease In Royalties Payable Related Party
IncreaseDecreaseInRoyaltiesPayableRelatedParty
-1595000 USD
fang Increase Decrease In Royalties Payable Related Party
IncreaseDecreaseInRoyaltiesPayableRelatedParty
0 USD
CY2012Q2 fang Line Of Credit Facility Aggregate Limitation On Annual Lease Payments
LineOfCreditFacilityAggregateLimitationOnAnnualLeasePayments
250000 USD
CY2012Q3 fang Line Of Credit Facility Aggregate Limitation On Annual Lease Payments
LineOfCreditFacilityAggregateLimitationOnAnnualLeasePayments
550000 USD
fang Line Of Credit Facility Borrowing Base Number Of Redeterminations
LineOfCreditFacilityBorrowingBaseNumberOfRedeterminations
3
fang Line Of Credit Facility Borrowing Base Period Of Redetermination
LineOfCreditFacilityBorrowingBasePeriodOfRedetermination
P12M
CY2012Q3 fang Line Of Credit Facility Covenant Terms Decrease Of Borrowing Base Upon Issuance Of Additional Indebtedness Percentage
LineOfCreditFacilityCovenantTermsDecreaseOfBorrowingBaseUponIssuanceOfAdditionalIndebtednessPercentage
0.25
CY2012Q3 fang Line Of Credit Facility Covenant Terms Maximum Issuance Of Additional Indebtedness
LineOfCreditFacilityCovenantTermsMaximumIssuanceOfAdditionalIndebtedness
250000000 USD
CY2012Q2 fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
841000 USD
fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
1575000 USD
CY2013Q2 fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
1649000 USD
fang Liquid Natural Gas Sales Revenue
LiquidNaturalGasSalesRevenue
3471000 USD
CY2013Q2 fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
988000 USD
fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
397000 USD
fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
1727000 USD
CY2012Q2 fang Natural Gas Sales Revenue
NaturalGasSalesRevenue
205000 USD
CY2012Q2 fang Net Income Loss Diluted Pro Forma
NetIncomeLossDilutedProForma
8767000 USD
fang Net Income Loss Diluted Pro Forma
NetIncomeLossDilutedProForma
9717000 USD
fang Net Income Loss Pro Forma
NetIncomeLossProForma
9717000 USD
CY2012Q2 fang Net Income Loss Pro Forma
NetIncomeLossProForma
8767000 USD
CY2013Q2 fang Oil And Gas Joint Interest Billing Receivables And Other Current
OilAndGasJointInterestBillingReceivablesAndOtherCurrent
7347000 USD
CY2012Q4 fang Oil And Gas Joint Interest Billing Receivables And Other Current
OilAndGasJointInterestBillingReceivablesAndOtherCurrent
5959000 USD
fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
594000 USD
CY2013Q2 fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
392000 USD
CY2012Q2 fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
6000 USD
fang Oil And Gas Property Lease Operating Expense Related Party
OilAndGasPropertyLeaseOperatingExpenseRelatedParty
574000 USD
CY2013Q2 fang Oil Sales Revenue
OilSalesRevenue
41034000 USD
fang Oil Sales Revenue
OilSalesRevenue
66287000 USD
CY2012Q2 fang Oil Sales Revenue
OilSalesRevenue
14366000 USD
fang Oil Sales Revenue
OilSalesRevenue
29012000 USD
fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
777000 USD
CY2013Q2 fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
388000 USD
fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
1011000 USD
CY2012Q2 fang Other Nonoperating Income Related Party
OtherNonoperatingIncomeRelatedParty
586000 USD
CY2012Q3 fang Period To Increase Aggregate Limit On Lease Payments
PeriodToIncreaseAggregateLimitOnLeasePayments
P12M
CY2012Q2 fang Pro Forma Weighted Average Shares Outstanding Basic And Diluted
ProFormaWeightedAverageSharesOutstandingBasicAndDiluted
14697496 shares
fang Pro Forma Weighted Average Shares Outstanding Basic And Diluted
ProFormaWeightedAverageSharesOutstandingBasicAndDiluted
14697496 shares
fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
3431000 USD
CY2013Q2 fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
2080000 USD
CY2012Q2 fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
738000 USD
fang Production Tax Expense Excluding Related Party
ProductionTaxExpenseExcludingRelatedParty
1479000 USD
fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
100000 USD
fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
192000 USD
CY2013Q2 fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
116000 USD
CY2012Q2 fang Production Tax Expense Related Party
ProductionTaxExpenseRelatedParty
44000 USD
CY2012Q4 fang Related Party Transaction Annual Fee For Advisory Services With Related Party
RelatedPartyTransactionAnnualFeeForAdvisoryServicesWithRelatedParty
500000 USD
CY2012Q4 fang Related Party Transaction Original Term For Advisory Services With Related Party
RelatedPartyTransactionOriginalTermForAdvisoryServicesWithRelatedParty
P2Y
fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
1726000 USD
CY2012Q2 fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
512000 USD
fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
1136000 USD
CY2013Q2 fang Revenue From Related Parties Liquid Natural Gas Sales Revenue
RevenueFromRelatedPartiesLiquidNaturalGasSalesRevenue
1043000 USD
CY2012Q2 fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
106000 USD
fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
261000 USD
CY2013Q2 fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
680000 USD
fang Revenue From Related Parties Natural Gas Sales
RevenueFromRelatedPartiesNaturalGasSales
1092000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001539838
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
42161532 shares
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Diamondback Energy, Inc.

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