Diamondback Energy

NYSE: FANG

Updated Mar 30, 2026

Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

Upstream · Independent E&P

Diamondback Energy

FANG

Diamondback Energy is a fast-growing independent E&P company focused on the Permian Basin with a significant presence in the Houston energy community.

Founded: 2007
Employees: 1,100+
Revenue: $8.4 billion (2023)
HQ: Midland, TX (Houston operations)

Permian BasinMidland BasinDelaware BasinHorizontal Drilling

Diamondback Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. While headquartered in Midland, Diamondback is an active participant in Houston's energy ecosystem and significantly expanded through its 2024 acquisition of Endeavor Energy Resources.

Headquarters

Midland, TX (Houston operations)

Founded

2007

Employees

1,100+

Revenue

$8.4 billion (2023)

CEO

Kaes Van't Hof

Website

diamondbackenergy.com

History of Diamondback Energy

Diamondback was founded in 2007 and went public in 2012. The company grew rapidly through both organic drilling and strategic acquisitions in the Permian Basin. In 2024, Diamondback acquired Endeavor Energy Resources for $26 billion, making it one of the largest Permian Basin operators.

Operations & Business Segments

Diamondback operates exclusively in the Permian Basin, with acreage in both the Midland Basin and Delaware Basin. Following the Endeavor acquisition, the company holds approximately 838,000 net acres in the Permian Basin and produces over 800,000 barrels of oil equivalent per day.

Headquarters Location

Midland, TX (Houston operations)

Key Specialties & Capabilities

Permian BasinMidland BasinDelaware BasinHorizontal DrillingShareholder ReturnsAcquisitions

Frequently Asked Questions About Diamondback Energy

Where does Diamondback Energy operate?▾

Diamondback operates exclusively in the Permian Basin of West Texas and New Mexico, with acreage in both the Midland Basin and Delaware Basin.

Did Diamondback acquire Endeavor Energy?▾

Yes. Diamondback completed its acquisition of Endeavor Energy Resources in 2024 for approximately $26 billion, making it one of the largest operators in the Permian Basin.

What does Diamondback Energy do in Houston?▾

Diamondback Energy is a upstream company based in Midland, TX (Houston operations). Diamondback Energy is a fast-growing independent E&P company focused on the Permian Basin with a significant presence in the Houston energy community.

Where is Diamondback Energy headquartered?▾

Diamondback Energy is headquartered in Midland, TX (Houston operations), founded in 2007. The company operates in Houston's energy corridor as part of the upstream sector.

How many employees does Diamondback Energy have?▾

Diamondback Energy employs approximately 1,100+ people across its global operations.