FANG

Diamondback Energy, Inc. (NASDAQ:FANG) is an independent oil and natural gas exploration and production company founded in 2007 and headquartered in Midland, Texas. The company went public in 2012 and has grown to become one of the largest unconventional oil producers in the United States through strategic acquisitions and operational excellence. Diamondback focuses exclusively on developing oil and gas reserves in the Permian Basin of West Texas, one of the most prolific shale oil regions in North America. The company has built its position through a series of major acquisitions, including the recent merger with Endeavor Energy Resources, establishing itself as a leading low-cost producer with extensive acreage holdings across both the Midland and Delaware sub-basins of the Permian.