Diamondback Energy, Inc.
Midland, TX, United States
Company overview
Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.
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Q1 Earnings Roundup: U.S. Shale Oil Producers Navigate Mixed Performance Amid Market Headwinds
U.S. shale oil producers delivered solid Q1 2026 results, beating revenue expectations by 2.7% despite mixed individual performances and ongoing market volatility.
Market News
Why Midstream Energy Companies Could Weather Market Turbulence Better Than Oil Producers
Infrastructure companies Enterprise Products Partners and Enbridge offer energy sector exposure with more stable cash flows than commodity producers like Diamondback Energy.