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Diamondback Energy
Location
500 West Texas Ave, Suite 100,
Midland, 79701, TX,
United States
Website
https://www.diamondbackenergy.com/
Phone
1 432-221-7400
Artw industry
Oil, Gas and Chemicals
Employee
Revenue

Diamondback Energy Technographics

Diamondback Energy Software Purchases and Digital Transformation Initiatives

Discover the latest software purchases and digital transformation initiatives being undertaken by Diamondback Energy and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 1983 Diamondback Energy employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that Diamondback Energy has purchased the following applications: Oildex OpenInvoice for AP Automation in 2015, Peloton Wellview for Drilling Operations Management in 2018, Microsoft 365 for Collaboration in 2019 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems Diamondback Energy is running and its propensity to invest more and deepen its relationship with Oildex , Enverus , SAP or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

We have been analyzing Diamondback Energy revenues, which have grown to $11.02 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Diamondback Energy intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.

Diamondback Energy Data, Technology Stack, and Enterprise Applications
ERP Financial Management
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Oildex Legacy Oildex OpenInvoice AP Automation ERP Financial Management n/a 2015 2015
In 2015, Diamondback Energy implemented Oildex OpenInvoice as its AP Automation solution. The deployment was used to code, cross reference, and process vendor invoices inside the Oildex OpenInvoice software, providing a centralized application for accounts payable activity and finance transaction handling. Configuration and operational work centered on invoice coding standards, cross reference rules, and processing pipelines, with staff coding, cross referencing, and processing invoices in the Open Invoice software as described. Governance practices included establishing role based approval workflows, automated validation and exception routing typical of AP Automation implementations, and standardized invoice handling procedures for the accounts payable function.
AP Automation ERP Financial Management 2017 2017
ERP Financial ERP Financial Management 2025 2025
ERP Services and Operations
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Peloton Legacy Peloton Wellview Drilling Operations Management ERP Services and Operations n/a 2018 2018
In 2018, Diamondback Energy implemented Peloton Wellview for Drilling Operations Management. The deployment was adopted by Diamondback's Oklahoma City finance and operations teams to support drilling data capture and joint interest billing related workflows. Peloton Wellview was configured to provide well lifecycle and drilling data management, operational reporting, and cost accumulation capabilities typical of the Drilling Operations Management category. Configuration emphasized capture of drilling and capital transactions, production and expense tracking, and report generation used to drive the monthly payout close process and JIB rebills. The operational environment included Peloton Wellview alongside Excalibur, SAP, EnergyLink, SSI, and MS Suite, with Peloton-sourced operational and well-level records feeding downstream accounting and JIB workflows. Those downstream workflows included processing non-operated joint venture billing into Excalibur, running test cycles before live posting, and submitting deck update requests on wells after payout. Governance for the implementation emphasized accounting controls and process standardization, including established and updated accounting procedures, monthly reconciliation of balance sheet accounts, variance analysis by cost center, journal entry corrections, and a centralized monthly payout close process. Operational ownership rested with JIB and accounting teams who executed reconciliation, audit support, and payout statement generation while using Peloton Wellview data as the primary operational record.
Oil Gas and Chemicals ERP ERP Services and Operations 2017 2017
Oil Gas and Chemicals ERP ERP Services and Operations 2018 2018
Collaboration
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Microsoft Legacy Microsoft 365 Collaboration Collaboration n/a 2019 2019
CRM
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Customer Experience CRM 2021 2021
Data Management Platform CRM 2020 2020
Marketing Analytics CRM 2021 2021
Marketing Automation CRM 2020 2020
Tag Management CRM 2021 2021
ITSM
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Application Performance Management ITSM 2020 2020
IaaS
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Application Hosting and Computing Services IaaS 2013 2013
Content Delivery Network IaaS 2019 2019
CyberSecurity
Vendor
Previous System
Application
Category
Market
VAR/SI
When
Live
Insight
Secure Email Gateways (SEGs) CyberSecurity 2021 2021
IT Decision Makers and Key Stakeholders at Diamondback Energy
First Name Last Name Title Function Department Email Phone
No data found
Show All Contacts
Apps Being Evaluated by Diamondback Energy Executives
Date Company Status Vendor Product Category Market
No data found
FAQ - APPS RUN THE WORLD Diamondback Energy Technographics

Diamondback Energy is a Oil, Gas and Chemicals organization based in United States, with around 1983 employees and annual revenues of $11.02 billion.

Diamondback Energy operates a diverse technology stack with applications such as Oildex OpenInvoice, Peloton Wellview and Microsoft 365, covering areas like AP Automation, Drilling Operations Management and Collaboration.

Diamondback Energy has invested in cloud applications and AI-driven platforms to optimize efficiency and growth, collaborating with vendors such as Oildex, Peloton and Microsoft.

Diamondback Energy recently adopted applications including SAP S/4 HANA in 2025, Adobe Experience Cloud in 2021 and Adobe Analytics Cloud in 2021, highlighting its ongoing modernization strategy.

APPS RUN THE WORLD maintains an up-to-date database of Diamondback Energy’s key decision makers and IT executives, available to Premium subscribers.

Our research team continuously updates Diamondback Energy’s profile with verified software purchases, vendor relationships, and digital initiatives identified from public and proprietary sources.

Subscribe to APPS RUN THE WORLD to access the complete Diamondback Energy technographics profile, including detailed breakdowns by category, vendor, and IT decision makers.