Diamondback Energy, Inc. is an independent oil and natural gas company based in Midland, Texas, founded in December 2007. The company focuses on the acquisition, development, exploration, and production of unconventional onshore hydrocarbon reserves, primarily in the Permian Basin, a key area for energy production in the United States.

Diamondback Energy's core products include crude oil, natural gas, and natural gas liquids (NGLs). As of December 31, 2024, the company held approximately 3.557 billion barrels of oil equivalent in proved reserves. Its products support various industries, including energy, power generation, and manufacturing.

The company has expanded its operations through strategic acquisitions, enhancing its production capacity and acreage in the Permian Basin. Diamondback Energy operates through subsidiaries that manage mineral interests and crude oil and natural gas gathering systems, primarily in the United States and extending into Mexico. It is publicly traded on NASDAQ under the ticker symbol "FANG" and is recognized as a significant player in the energy sector.