Diamondback Is a Leader in Operational and Capital Stewardship Among US Independents

Diamondback's strategy is simple: It acquires and exploits assets in the low-cost Permian Basin, where it's successfully built an enviable track record. Diamondback began operations in late 2007 following its acquisition of over 4,000 net acres in the Permian producing 800 net barrels of oil equivalent per day. As of 2025, the firm has multiplied its net acreage by over 200 times, while exponentially increasing its total daily production by well over 1,000 times. It's done so through acquisitions, including Energen ($9 billion), QEP ($3 billion), Endeavor (at $26 billion effectively doubled Diamondback's size), and Double Eagle ($4 billion).