Diamondback Energy has joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the United Nations Environment Programme’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,” stated 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.”

“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.”    

In 2022, Diamondback committed to implement continuous emission monitoring systems on facilities to cover at least 90% 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% from 2019 levels by 2024.

KeyFacts Energy: Diamondback Energy US onshore country profile