FANG - Diamondback Energy - Stock Price & Dividends

Diamondback Energy Inc. is an independent oil and natural gas company that specializes in the acquisition, development, exploration, and production of unconventional onshore oil and natural gas reserves in the Permian Basin, specifically in West Texas.

The company's primary focus is on the development of the Spraberry and Wolfcamp formations in the Midland basin, as well as the Wolfcamp and Bone Spring formations in the Delaware basin, which are both part of the Permian Basin in West Texas and New Mexico. These formations are known for their rich oil and natural gas reserves, making them a lucrative area for energy companies.

In addition to its exploration and production activities, Diamondback Energy also owns and operates midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. This allows the company to have greater control over the transportation and processing of its oil and natural gas products, reducing costs and increasing efficiency.

Founded in 2007, Diamondback Energy is headquartered in Midland, Texas, and has established itself as a significant player in the Permian Basin energy industry. With a strong focus on operational efficiency and strategic growth, the company is well-positioned to continue to thrive in the competitive energy market.

For more information about Diamondback Energy, visit their website at https://www.diamondbackenergy.com.