Diamondback Energy Inc

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Diamondback Energy, Inc. is an independent oil and gas company, which is focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. The Company operates through upstream segment which is engaged in the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. The midstream operations are focused on owning, operating, developing and acquiring midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. Its total acreage position in the Permian Basin is approximately 525,045 acres, which consisted primarily of approximately 343,782 acres in the Midland Basin and approximately 153,203 acres in the Delaware Basin. Its subsidiaries include Diamondback E&P LLC, Viper Energy Partners GP LLC, Rattler Midstream GP LLC and QEP Resources, Inc.