Diamondback Energy is an independent oil and natural gas company headquartered in Midland, Texas, 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's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, and Bone Spring formations. Diamondback Energy went public in 2012 and has grown into a top-tier independent producer through disciplined acquisition and operational excellence.