Diamondback Energy

Diamondback Energy to Acquire Mineral Interests in Midland CountyDiamondback Energy is an independent oil and natural gas company headquartered in Midland, TX. Diamondback’s growth strategy is focused on the acquisition, development, exploration and exploitation of unconventional, long-life, onshore oil and natural gas reserves in the major oil producing Permian Basin in West Texas. The Company’s operations aredirected primarily at the large acreage areas of the Clearfork, Spraberry, Wolfcamp, Cline, Strawn and Atoka formations, collectively known as the Wolfberry Trend.

2007: The company began operations in December 2007 with the acquisition of 4,174 net acres in the Permian Basin.

2012: In October 2012, the company became a public company via an initial public offering, issuing 12,500,000 shares of common stock at a price of $17.50 per share.

2017: In March 2017, the company acquired assets from Brigham Resources for $2.55 billion.

2018: In October 2018, the company acquired the assets of Ajax Resources for $1.25 billion.

2021: In March 2021, the company acquired QEP Resources.