FANG

Diamondback Energy Inc is an independent upstream oil and natural gas company that explores, develops, and produces primarily onshore hydrocarbon resources in the Permian Basin of West Texas and New Mexico. Its business model centers on acquiring and efficiently operating large acreage positions, employing horizontal drilling and hydraulic fracturing to extract crude oil and associated natural gas. The firm operates within the energy sector, specifically the exploration and production (E&P) segment of the oil and gas industry. Diamondback is one of the larger independent producers in the United States, known for its focus on low‑cost, high‑margin operations and a portfolio of mature, cash‑generating assets.