The Fort
#324 - Kaes Van't Hof - President/CFO @ Diamondback Energy ($FANG) - Lessons & Stories From Inside a $30B Oil Company
Dec 12, 2023
Kaes Van't Hof, President/CFO @ Diamondback Energy, discusses learning the Oil & Gas business, the timeline of Diamondback Energy, how to get people to love Oil & Gas again, and thoughts on the Permian Basin. They also cover high yield vs. investment grade businesses, Diamondback's merger with Energen Resources, experiences during Covid, sourcing deals, hedging, being a low-cost producer, learning to manage people, and the $60b Pioneer acquisition.
01:13:44
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Quick takeaways
- Diamondback Energy's success is attributed to its focus on low-cost operations, best-in-class execution, and a culture of transparency.
- The Permian Basin continues to reinvent and grow due to technological advancements and Diamondback's focus on efficiency and innovation.
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Importance of Low-Cost Operations and Best-in-Class Execution
Diamondback's success is attributed to its focus on low-cost operations, best-in-class execution, and a culture of transparency. The company has a strong survival mentality and pushes decision-making down to the wellhead, empowering its employees to produce oil cheaper and more efficiently. This culture has enabled Diamondback to become a leading player in the Permian Basin and a low-cost operator in the industry.
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