Diamondback Energy, Inc.

Diamondback Energy, Inc. is a US independent oil and natural gas company headquartered in Midland, Texas, and founded in 2007. Its shares trade on Nasdaq under the ticker FANG; the company is included in S&P's broad-based US stock index and in the Nasdaq index of large non-financial companies. Almost all of its activity is concentrated in the Permian Basin, which spreads across West Texas and New Mexico.

The company produces crude oil, natural gas and natural gas liquids. Horizontal drilling and hydraulic fracturing methods are used in fields in the Midland and Delaware portions of the Permian Basin. In 2024 Diamondback combined with Endeavor Energy Resources, widening its acreage and production capacity. The group's subsidiary Viper Energy focuses on mineral rights and royalty income, sharing in production without making drilling investments.

Those following Diamondback stock usually watch crude oil prices, drilling programs and production efficiency per well. On the FANG page at Lzzo.com the share price is shown in US dollars, and the page also includes a price chart and technical indicators.