Published: March 31, 2023 |

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Diamondback Energy has joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the United Nations Environment Program’s flagship oil and gas reporting and mitigation program.

“Diamondback is proud to join OGMP 2.0 and apply its emission reporting framework to our asset base in the Permian Basin,” said Travis Stice, chairman and chief executive officer of Diamondback.

“As we work towards achieving our emission reduction targets, it’s paramount that we can rely on a framework that improves the accuracy and transparency of methane emissions reporting,” added Stice.

“We are delighted that Diamondback Energy is taking action to reduce methane emissions by joining OGMP 2.0,” said Giulia Ferrini, OGMP 2.0 Project Manager, UNEP.

“Oil and gas companies must be part of the methane solution if we are to keep global warming to 1.5°C,” added Ferrini.

In 2022, Diamondback committed to implement continuous emission monitoring systems on facilities to cover at least 90 percent of the company’s operated oil production by the end of this year. Diamondback also has a target to reduce methane intensity by at least 70 percent from 2019 levels by 2024.

About Diamondback Energy
Diamondback 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.

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