Diamondback Energy Inc FANG

Diamondback Is Poised To Benefit Across a Range of Probable Oil Prices

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 more than 200 times and its total daily production by well over 1,000 times. It’s done so through acquisitions, including Energen ($9 billion), QEP ($3 billion), Endeavor ($26 billion, effectively doubling Diamondback’s size), and Double Eagle ($4 billion).