MIDLAND Diamondback Energy is joining four other American oil and gas companies to donate $65 million to help meet the humanitarian needs of the people in Ukraine who have been displaced by the Russian invasion of their country.
Diamondback spokesman Clint Williamson said Friday that a dozen non-profit groups were being considered for the funding but that their identities would not immediately be revealed because a security expert had advised the oil companies that the non-profit groups could be subjected to cyberattacks.
Diamondback Chairman-CEO Travis Stice said the donations “are being made to help the millions of men, women and children wh0 have had to leave their homes as a result of this unjust war.
“The money will go to organizations that are giving direct care and comfort to the people of Ukraine in this time of great need,” Stice said in a news release.
Williamson said the non-profits will be named after they have gotten the money and put it to use.
He said Diamondback is giving $10 million, Pioneer Natural Resources of Irving and Devon Energy of Oklahoma City $20 million each, Civitas Resources of Denver, Colo., $10 million and Chesapeake Energy of Oklahoma City $5 million.
Diamondback energy is an independent oil and natural gas company headquartered in Midland and focused on the acquisition, development, exploration and exploitation of unconventional on-shore oil and natural gas reserves in the Permian Basin, according to its website.
Pioneer Natural Resources, which has a major presence in Midland, is engaged in hydrocarbon exploration in the Cline Shale and Spraberry Trend of the Basin, its website says.
