diamondback energy
Corporate Responsibility Report
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Diamondback has a strong bond to our neighbors in the Permian Basin and other areas where we conduct business. We support an array of activities and organizations that enhance the quality of life in local communities as well as in the broader world.

Our company’s philanthropic approach focuses on advancing education, supporting organizations that serve the needs of underprivileged children, and helping those who are most disadvantaged in our communities. We also join with our employees in supporting other causes and strongly encourage all team members to volunteer in their community. Our goals for 2019 include making volunteerism an even more integral part of our company culture.

The Permian Strategic Partnership gives us an even more powerful framework for building communities where all people have the resources and opportunity to thrive.

Diamondback is deeply connected to the Permian Basin— not simply because its natural resources sustain our operations, but also because we value the quality of life in this region that our employees and neighbors call home. In November 2018, we helped launch a broad-reaching effort to work with local leaders on addressing social and economic needs.

Through the Permian Strategic Partnership (PSP), Diamondback and 19 fellow energy companies have committed more than $100 million over the next five years to benefit communities across West Texas and southeastern New Mexico. Initial goals of the PSP include developing superior educational programs, accessible housing, a supportive healthcare system, safer roads, and a more skilled workforce.

“The Permian Strategic Partnership gives us an even more powerful framework for building communities where all people have the resources and opportunity to thrive,” says Marc Dingler, Diamondback Senior Vice President of Government Affairs and Deputy General Counsel, who also serves on the PSP’s affordable housing committee. “Wherever local communities have challenges or see opportunities to grow stronger, we want to be part of the solution.”

With CEO Travis Stice on the PSP Board of Directors and other Diamondback senior executives involved in various committees, we expect to support a growing number of projects throughout the next five years. We recognize that one of the keys to success lies in working closely with established programs and organizations in each community to ensure our pooled investments can go further and create meaningful results.

SUPPORTING LOCAL STUDENTS

Our employees work closely with the staff at Travis Elementary School, which is in a section of Midland with a high proportion of low-income and underserved families. We support new and expanded learning opportunities for Travis students throughout the year and work to create a positive educational environment for the students and their families.

Volunteer activities during the 2018–19 school year included:

  • Hosting an event in the fall to help parents register their children for school, and providing vouchers for each family to redeem at the food trucks that we arranged for this registration day to encourage participation
  • Greeting parents and students on the first day of classes, guiding them to their new classrooms, and arranging a live music performance by members of a local symphony on the school lawn
  • Sponsoring a Literacy Night for families to learn more about the programs and services available in this community, including English-as-a-second-language courses and tutoring for adults who are learning to read
  • Providing gift bags with thank-you letters to the teachers, custodians, and cafeteria staff during Staff Appreciation Week
  • Ensuring all children have enough school supplies by donating funds and purchasing items such as pencils, crayons, markers, and composition notebooks
  • Volunteering at the school’s Grandparents Day celebration

MARC NIGHT FUNDRAISER

We support MARC, a regional nonprofit that provides services and advocacy for people with intellectual, developmental and cognitive disabilities. In , Diamondback co-sponsored MARC Night at the Jackalopes semi-professional hockey game and purchased 100 tickets to help raise funds for the nonprofit.

TALL CITY 9/11 MEMORIAL STAIR CLIMB

In 2018, we were a leading sponsor of this annual fundraiser for the Professional Fire Fighters Association, and many of our team members participated. The Tall City 9/11 Memorial Stair Climb honors the New York first responders to that disaster by simulating the daunting task of climbing the World Trade Center stairs while working to rescue people. Participants in the local event climb Midland’s Wilco Tower five times—roughly equaling the height of the Twin Towers—to commemorate the heroic actions of rescue workers everywhere.

AMERICAN CANCER SOCIETY SUPPORT

We helped sponsor a fundraiser in the Permian Basin that raised more than $500,000 in 2018. All funds raised at this annual event are used in Midland or Odessa to support cancer treatment, lodging for cancer patients, transportation to and from treatment, funding of scientific breakthroughs and cures, and a 24-hour-a-day helpline.