SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

DIAMONDBACK ENERGY, INC.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

25278X109

(CUSIP Number)

December 31, 2012

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

¨ Rule 13d-1(c)

x Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 25278X109  

 

  1   

NAME OF REPORTING PERSONS

 

GULFPORT ENERGY CORPORATION

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

(a)  ¨         (b)  ¨

  3  

SEC USE ONLY

 

  4  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

SOLE VOTING POWER

 

7,914,036

   6   

SHARED VOTING POWER

 

0

   7   

SOLE DISPOSITIVE POWER

 

7,914,036

   8   

SHARED DISPOSITIVE POWER

 

0

  9  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

7,914,036

10  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

 

¨

11  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

21.4%

12  

TYPE OF REPORTING PERSON*

 

CO

 

* SEE INSTRUCTIONS BEFORE FILLING OUT

SCHEDULE 13G

 

Item 1(a) Name of Issuer:

Diamondback Energy, Inc. (the “Issuer”)

 

Item 1(b) Address of Issuer’s Principal Executive Offices:

500 West Texas, Suite 1225

Midland, Texas 79701

 

Item 2(a) Name of Person Filing:

Gulfport Energy Corporation (the “Reporting Person”)

 

Item 2(b) Address of Principal Business Office, or, if none, Residence:

14313 North May Avenue, Suite 100

Oklahoma City, Oklahoma 73134

 

Item 2(c) Citizenship or Place of Organization:

Delaware

 

Item 2(d) Title of Class of Securities:

Common stock, par value $0.01 per share (“Common Stock”)

 

Item 2(e) CUSIP Number:

25278X109

 

Item 3 If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

  (a)  ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

  (b)  ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

  (c)  ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

  (d)  ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

  (e)  ¨ An investment advisor in accordance with §240.13d-1(b)(1)(ii)(E).

  (f)  ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

 

  (g)  ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

 

  (h)  ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

 

  (i)  ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

 

  (j)  ¨ A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J).

 

  (k)  ¨ Group, in accordance with §240.13d–1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J), please specify the type of institution:             

 

Item 4 Ownership.

(a) Amount beneficially owned:

7,914,036 shares of Common Stock

(b) Percent of class:

21.4%

(c) Number of shares to which the person has:

(i) Sole power to vote or to direct the vote:

7,914,036 shares of Common Stock

(ii) Shared power to direct the vote:

Zero shares of Common Stock

(iii) Sole power to dispose or to direct the disposition of:

7,914,036 shares of Common Stock

(iv) Shared power to dispose or to direct the disposition of:

Zero shares of Common Stock

Item 5 Ownership of Five Percent or Less of a Class.

Not Applicable

 

Item 6 Ownership of More Than Five Percent on Behalf of Another Person.

Not Applicable

 

Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.

Not Applicable

 

Item 8 Identification and Classification of Members of the Group.

Not Applicable

 

Item 9 Notice of Dissolution of Group.

Not Applicable

 

Item 10 Certification.

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 12, 2013

 

GULFPORT ENERGY CORPORATION

/s/ Michael G. Moore

Name: Michael G. Moore
Title: Vice President, Chief Financial Officer and Secretary