Diamondback Energy, Inc. is an independent oil and natural gas company headquartered in Midland, Texas. The company focuses on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. Its operations are concentrated on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, and Bone Spring formations. Diamondback has grown significantly through strategic acquisitions, including major mergers with Endeavor Energy Resources and Double Eagle IV. To support its production volumes, the company also operates midstream infrastructure, including systems for water management, oil transportation, and natural gas processing.
