Diamondback Energy, Inc., listed on NASDAQ as FANG, is an independent oil and natural gas exploration and production company focused on the Permian Basin of West Texas. The company’s core operations center on developing unconventional onshore reserves through horizontal drilling and hydraulic fracturing, targeting crude oil, natural gas and natural gas liquids within its extensive leasehold position.
In addition to upstream development, Diamondback maintains midstream capabilities through its subsidiary, Diamondback Energy Services. This segment provides gathering, processing, water management and transportation solutions that support the company’s production activities, enhance operational efficiency and ensure timely delivery of hydrocarbons to market.
Founded in 2007 by Travis D. Stice and completing its initial public offering in 2012, Diamondback is headquartered in Midland, Texas. The company has expanded its footprint in the Midland and Delaware basins through strategic acquisitions, most notably the 2017 purchase of Brigham Resources. These transactions have bolstered Diamondback’s infrastructure, acreage position and production profile in one of North America’s most prolific oil and gas regions.
Under the leadership of Mr. Stice as chairman and chief executive officer, Diamondback emphasizes capital discipline, operational excellence and a commitment to safe, environmentally responsible development. Its management team draws on deep industry experience to advance the company’s goal of delivering long-term value and sustainable growth for shareholders.