FANG - Diamondback Energy - Stock Price & Dividends

Diamondback Energy Inc., a leading independent oil and natural gas company, specializes in the acquisition, development, exploration, and production of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin 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 spanning across West Texas and New Mexico. These formations are known for their rich oil and natural gas reserves, making them an attractive area for energy exploration and production.

In addition to its upstream operations, Diamondback Energy also owns and operates midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. This allows the company to control the flow of its oil and natural gas production, ensuring efficient transportation and processing of its resources.

Founded in 2007, Diamondback Energy is headquartered in Midland, Texas, and has established itself as a key player in the Permian Basin energy landscape. With a strong focus on operational efficiency and strategic growth, the company continues to drive value for its stakeholders.

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