Diamondback Energy, Inc. is a leading player in the oil and natural gas sector, specializing in hydrocarbon exploration. The company primarily focuses on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas.
Founded in 2007, Diamondback Energy is headquartered in Midland, Texas, United States, reflecting its strategic focus on the significant hydrocarbon resources in this region.
Main Product(s):
As an oil and gas exploration and production company, Diamondback Energy's main products are crude oil, natural gas, and natural gas liquids.
Short History of Diamondback Energy, Inc:
2007 – Diamondback Energy was founded, focusing on the Permian Basin.
2012 – The company went public, trading on NASDAQ under the ticker symbol “FANG”.
2018 – Acquired Energen Corporation, significantly expanding its holdings in the Permian Basin.
2020s – Continued growth and expansion of operations, emphasizing sustainability and modern extraction techniques.