Summer 2027 Corporate Development Intern

Diamondback Energy; Dallas (TX); On-site; USD 28,000 - 41,000; Full time

Job summary

Diamondback Energy in Midland, Texas with a Dallas presence invites you to join a Corporate Development Internship for about 12 weeks (May – August 2027). You will own an assigned summer project and present findings to Diamondback’s executive team.

You will gain hands-on experience in acquisitions and divestitures, valuation, market intelligence, and corporate strategy while being mentored by seasoned professionals.

Qualifications

• Pursuing a bachelor’s degree or higher in Business Administration, Finance, or a similar discipline.
• Must have strong interpersonal, analytical, and communication skills, with a strong work ethic and high attention to detail.
• Proficiency with Excel and PowerPoint.
• Must be willing to work in Dallas, TX for the duration of the internship.
• Must be returning to school for the Fall 2027 semester.

Responsibilities

• Work on an assigned, individual Corporate Development project throughout the summer, culminating in a presentation of the completed project to Diamondback’s executive team.
• Develop and increase knowledge of A&D, valuation, and deal evaluation within the oil and gas industry under the supervision and guidance of an assigned, experienced mentor.
• Support screening and evaluation of potential acquisition, divestiture, and joint venture opportunities, including comps, NAV, and accretion/dilution analysis.
• Assist in preparing deal-related and strategic deliverables for senior executives and the Board of Directors.
• Maintain knowledge of Permian Basin transaction activity, peer positioning, and industry trends.
• Interface with other departments (Finance, Land, Engineering, Legal) to understand the processes that drive deal evaluation and execution.
• Participate in on-site field visits to learn about field operations, including an active drilling rig and active completions spread.

Skills

Interpersonal skills

Analytical thinking

Communication skills

Excel

PowerPoint

Education

Bachelor's degree or higher in Business Administration, Finance, or similar

Tools

Excel

PowerPoint

Job description

Diamondback Energy is an independent oil and natural gas company headquartered in Midland, Texas. The Company also has a presence in Dallas, TX for groups such as Corporate Development, Legal and HR. We are focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.

The Corporate Development Intern will own an assigned summer project while working directly on business functions such as acquisitions and divestitures, valuation and financial analysis, market intelligence, and corporate strategy.

Duration : Approximately 12 weeks (May – August 2027)

Job Responsibilities:

Include, but are not limited to:

• Work on an assigned, individual Corporate Development project throughout the summer, culminating in a presentation of the completed project to Diamondback’s executive team
• Develop and increase knowledge of A&D, valuation, and deal evaluation within the oil and gas industry under the supervision and guidance of an assigned, experienced mentor
• Support screening and evaluation of potential acquisition, divestiture, and joint venture opportunities, including comps, NAV, and accretion/dilution analysis
• Assist in preparing deal-related and strategic deliverables for senior executives and the Board of Directors
• Maintain knowledge of Permian Basin transaction activity, peer positioning, and industry trends
• Interface with other departments (Finance, Land, Engineering, Legal) to understand the processes that drive deal evaluation and execution
• Participate in on-site field visits to learn about field operations, including an active drilling rig and active completions spread

Minimum Qualifications:

• Pursuing a bachelor’s degree or higher in Business Administration, Finance, or a similar discipline
• Must have strong interpersonal, analytical, and communication skills, with a strong work ethic and high attention to detail
• Proficiency with Excel and PowerPoint
• Must be willing to work in Dallas, TX for the duration of the internship
• Must be returning to school for the Fall 2027 semester

Preferred Qualifications:

• GPA of 3.40 or higher
• Extracurricular achievements or prior work experience
• Familiarity with the upstream sector and oil and gas industry as a whole
• Prior internship experience within a financial or M&A setting

Diamondback is an Equal Employment Opportunity Employer. Diamondback provides equal employment opportunities to all qualified applicants without regard to race, sex, sexual orientation, gender identity, national origin, color, age, religion, veteran or disability status, genetic information, pregnancy, or any other status protected by law. Diamondback participates in E-Verify. Learn more about E-Verify.